But the reality was starkly different for former City trader Tom Hayes, who received a 14-year prison sentence at Southwark Crown Court in August 2015 for his role in the Libor interest rate ...

LONDON–A U.K. court upheld the landmark conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.

The highest court in land is set to hear ex-bankers Tom Hayes and Carlo Palombo Libor/Euribor appeal after granting them permission to hear a final plea. Former UBS and Citigroup trader Hayes was ...