Hayes Calls for All Rate-Rigging Convictions to Be Overturned

WATCH: Former UBS Group AG trader Tom Hayes speaks on Bloomberg Televsion the day after the UK Supreme Court quashed his conviction.Source: Bloomberg

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By Lucca De Paoli and Anna Edwards

July 24, 2025 at 4:23 AM EDT

Updated on

July 24, 2025 at 6:15 AM EDT

Tom Hayes, the ex-UBS Group AG trader cleared of manipulating Libor by UK judges, says the other traders convicted of rigging benchmark interest rates should have their cases overturned.

“The other seven convictions — they all need to go,” Hayes said in an interview with Bloomberg TV on Thursday. “This is a battle in a war, and we won the first battle.”