Tom Hayes claims he was ‘hand-picked scapegoat’ for the Swiss bank as it tried to avoid regulatory scrutinyTom Hayes, the first banker jailed over the Libor interest rate-rigging scandal, is suing his former employer UBS for $400m, claiming he was “hand-picked scapegoat” for the Swiss bank as it tried to avoid regulatory scrutiny.The claim, which was publicly filed in a US court in Connecticut on Monday, alleges that UBS misled US authorities and called him an “evil mastermind” behind the alleged Libor scandal, in order to protect senior executives and minimise fines. Continue reading...
Tuesday 28 October 2025
.theguardian - 23 hours ago
First banker jailed over Libor interest rate-rigging to sue UBS for $400m
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