Rate-rigging convictions of five bankers referred to UK appeals court

The referral comes after the supreme court overturned the convictions of two other traders, Tom Hayes and Carlo PalomboFive more former bankers convicted of rigging interest rates will be given a fresh chance to clear their names, after the supreme court overturned a decade-old ruling against the trader Tom Hayes last year.The Criminal Cases Review Commission (CCRC) said on Thursday that it had referred the ex-City traders’ convictions back to the court of appeal. The men were jailed between 2016 and 2019 on charges of manipulating the euro interbank offered rate, Euribor, or the now defunct London interbank offered rate, Libor. Continue reading...