City rate-rigging convictions quashed - what happens next?
Source: BBC
Andy VerityFinancial investigations correspondent, BBC NewsBloomberg via Getty ImagesAfter a decade-long legal battle, two former City traders who were at the centre of one of the biggest scandals of the financial crisis have had their rate-rigging convictions quashed.Tom Hayes and Carlo Palombo were jailed following trials for manipulating the interest rates used for loans between banks, known as Libor.On…
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