Crime

Former London banker jailed for 14 years in Libor scandal

A court in London has sentenced a former city trader to 14 years in prison for his part in rigging interbank interest rates, known as Libor.

Thirty-five year-old Tom Hayes, used to work at bankers UBS and Citigroup.

After a trial that lasted nine weeks he was found guilty of all eight counts of conspiracy to defraud.

Categories: Crime

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