Libor Scandal
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Tom Hayes, Face of Libor Scandal, Sues UBS for $400 Million
WSJ· 2025-10-27 21:04
Core Viewpoint - A former banker has been sentenced to five years in prison due to his involvement in manipulating the benchmark rate [1] Group 1 - The individual was involved in a significant financial misconduct that affected the integrity of the benchmark rate [1] - The prison sentence reflects the legal consequences of unethical practices in the banking industry [1]