Ex-Barclays Traders' Rate-Rigging Convictions Overturned

Description: A London court overturned the convictions of five ex-Barclays Plc traders who were found guilty of rigging benchmark interest rates in landmark fraud prosecutions. #barclays #news #uk #london

The reversals come after the UK Supreme Court overturned the conviction of Tom Hayes, with judges ruling that the jury was misdirected at his trial.

The Serious Fraud Office's investigation has ultimately failed, with the overturned convictions putting pressure on the SFO to prove its ability to make complex financial crime prosecutions stick.

Read more: https://www.bloomberg.com/news/articles/2026-10-07/ex-barclays-traders-have-rate-rigging-convictions-quashed-by-london-court

----------
Like this video? Subscribe https://www.youtube.com/@Bloomberg-News

Bloomberg News is the first word in business news. Visit bloomberg.com for the latest on global business, markets and more.
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals

Bloomberg on YouTube:
https://www.youtube.com/@business
https://www.youtube.com/@markets
https://www.youtube.com/@BloombergTechnology
https://www.youtube.com/@BloombergPodcasts

Connect with us on social:
https://www.instagram.com/bloombergbusiness
https://www.linkedin.com/company/bloomberg-news
https://www.tiktok.com/@bloombergbusiness
https://www.facebook.com/bloombergbusiness Close description