Why have bankers had convictions quashed and what happens next?
Source: BBC
EPATom Hayes and Carlo Palombo had their rate-rigging convictions overturnedTwo former City traders, Tom Hayes and Carlo Palombo, have had their convictions for rate-rigging overturned by the UK's Supreme Court.They were convicted and jailed for manipulating the interest rates used for loans between banks, which dictate borrowing costs for the likes of mortgages and car finance deals.So what is rate-rigging and…
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