Tom Hayes, the first trader ever jailed for interest rate rigging, had his conviction overturned by Britain’s top court ...

Britain's financial regulator said on Friday that it was dropping proceedings against Tom Hayes and revoking Carlo Palombo's ...

Hayes, a former UBS and Citigroup trader, was the first person in the world to be jailed for manipulating Libor rates. He was ...

Hayes, who spent five-and-a-half years in prison, was a high-profile case among those accused of Libor manipulation, amidst ...

The former trader won a last-ditch appeal, undoing one of the most high-profile cases to emerge from the global financial ...

Four former City traders with criminal convictions plan to appeal after the Supreme Court overturned the convictions of Tom Hayes and Carlo Palombo on Wednesday.

LIBOR, the reference rate for more than US$300 trillion of contracts globally and nearly US$200 trillion of US dollar contracts, is expected to cease after the end of 2021.

The case of Tom Hayes, who had his Libor conviction overturned last week, raises serious questions about the justice system ...

LIBOR stands for the London Interbank Offered Rate. It measures the rate at which banks lend to each other. If you have any kind of consumer loan, it’s a fair bet that it’s based on LIBOR.

The term Libor has been thrown around plenty over the last couple of weeks thanks to yet another scandal ripping through the banking industry. Consider that the 2008 financial crisis, a crisis ...

The Libor rate scandal could make this year's $20 billion foreclosure settlement look like child's play and that doesn't bode well for an industry still in recovery mode.