Tag #Libor

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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.

abcnews.go.com

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Jul 23, 22:14

UK Supreme Court Overturns Libor Manipulation Convictions

The UK Supreme Court overturned the convictions of two traders, Tom Hayes and Carlo Palombo, for manipulating Libor and Euribor interest rates due to flawed jury instructions in their trials, impacting nine previous convictions and raising concerns about the integrity of benchmark interest rates.

UK Supreme Court Overturns Libor Manipulation Convictions

The UK Supreme Court overturned the convictions of two traders, Tom Hayes and Carlo Palombo, for manipulating Libor and Euribor interest rates due to flawed jury instructions in their trials, impacting nine previous convictions and raising concerns about the integrity of benchmark interest rates.

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Reduced Inequality

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What are the immediate consequences of the UK Supreme Court's decision to quash the convictions of Hayes and Palombo for Libor manipulation?

The UK Supreme Court overturned the convictions of Tom Hayes and Carlo Palombo, two traders accused of manipulating Libor and Euribor interest rates, due to flawed jury instructions that prevented consideration of dishonesty. This decision follows a similar US ruling and impacts nine previous convictions, highlighting systemic issues in the Libor scandal.

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