Tag #Carlo Palombo

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lemonde.fr

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Jul 23, 16:12

UK Supreme Court Overturns Libor and Euribor Manipulation Convictions

The UK Supreme Court overturned the convictions of former traders Tom Hayes and Carlo Palombo for manipulating Libor and Euribor interest rates due to procedural errors in their trials, prompting the Serious Fraud Office to halt further proceedings.

UK Supreme Court Overturns Libor and Euribor Manipulation Convictions

The UK Supreme Court overturned the convictions of former traders Tom Hayes and Carlo Palombo for manipulating Libor and Euribor interest rates due to procedural errors in their trials, prompting the Serious Fraud Office to halt further proceedings.

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Peace, Justice, and Strong Institutions

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What are the immediate consequences of the UK Supreme Court's decision to overturn the convictions of Tom Hayes and Carlo Palombo for manipulating Libor and Euribor?

The UK Supreme Court overturned the convictions of Tom Hayes and Carlo Palombo for manipulating Libor and Euribor interest rates, citing unfair trials. Hayes's trial was deemed unfair due to insufficient defense guidance, while Palombo's conviction was overturned due to errors and ambiguities in jury instructions. The Serious Fraud Office (SFO) will not seek retrials.

theguardian.com

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Jul 23, 22:13

Supreme Court Overturns Libor Convictions, Raising Concerns About UK Prosecution

The Supreme Court overturned the Libor manipulation convictions of Tom Hayes and Carlo Palombo due to judicial errors, questioning the SFO's prosecution and potentially impacting seven other UK Libor cases.

Supreme Court Overturns Libor Convictions, Raising Concerns About UK Prosecution

The Supreme Court overturned the Libor manipulation convictions of Tom Hayes and Carlo Palombo due to judicial errors, questioning the SFO's prosecution and potentially impacting seven other UK Libor cases.

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Reduced Inequality

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What are the immediate consequences of the Supreme Court's decision to overturn the Libor manipulation convictions of Tom Hayes and Carlo Palombo?

The Supreme Court overturned the convictions of Tom Hayes and Carlo Palombo for Libor manipulation, citing judicial errors in directing the jury. The court stated that considering a bank's commercial interests when submitting Libor rates wasn't inherently dishonest, undermining the prosecution's case. This decision casts doubt on seven other UK Libor convictions.

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