Rate rigging convictions of five more bankers may be unsafe, says SFO
Serious Fraud Office has assessed six more cases after supreme court quashed convictions of two traders last monthBusiness live – latest updatesFive more bankers convicted of rigging interest rates may be a step closer to clearing their names after the supreme court overturned a decade-old ruling...
<p>Serious Fraud Office has assessed six more cases after supreme court quashed convictions of two traders last month</p><ul><li><p><a href="https://www.theguardian.com/business/live/2025/aug/29/uk-business-confidence-rises-economy-fears-stock-market-bonds-inflation-business-live-news-updates">Business live – latest updates</a></p></li></ul><p>Five more bankers convicted of rigging interest rates may be a step closer to clearing their names after the supreme court <a href="https://www.theguardian.com/business/2025/jul/23/city-trader-tom-hayes-conviction-for-libor-rigging-is-overturned">overturned a decade-old ruling</a> against the trader Tom Hayes last month.</p><p>The Serious Fraud Office said it had <a href="https://www.gov.uk/government/news/response-to-supreme-court-judgment">assessed the cases of six individuals</a> who were charged with manipulating the euro interbank offered rate (Euribor) or the now defunct London interbank offered rate (Libor) and determined that five convictions “may be considered unsafe” after July’s ruling.</p> <a href="https://www.theguardian.com/business/2025/aug/29/rate-rigging-convictions-of-five-more-bankers-may-be-unsafe-says-sfo">Continue reading...</a>
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