London, July 23, 2025 (AFP) - Top UK court quashes ex-bankers' rate rigging convictions

NAMPA / AFP

2025-07-23

The UK Supreme Court on Wednesday overturned the conviction of two former financial traders jailed for manipulating the Libor interest rate benchmark. In a written judgment, the UK's highest court said that due to errors in the way the jury had been directed the convictions of Tom Hayes and Carlo Palombo were "unsafe and cannot stand". Manipulation of the London Inter-Bank Offered Rate (Libor) and its euro equivalent Euribor occurred in the run-u......

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Law & Politics

Kinshasa, July 23, 2025 (AFP) - DR Congo ex-minister Mutamba protests innocence at graft trial's opening

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Geneva, July 23, 2025 (AFP) - UN says Rwanda-backed militia denied investigators access to east DR Congo

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Washington, July 23, 2025 (AFP) - US-EU tariff talks progress as Trump announces Japan deal

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