Finance
City trader sues UBS for $400m after rate-rigging conviction quashed
Tom Hayes launches a legal claim against UBS, claiming he was the bank's "hand-picked scapegoat".


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Tom Hayes launches a legal claim against UBS, claiming he was the bank's "hand-picked scapegoat".

Tom Hayes has won a final bid to quash a conviction that made him the first trader jailed for Libor interest rate rigging, after a decade spent trying to clear…
Tom Hayes and Carlo Palombo were jailed for manipulating interest rates.
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