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First banker jailed over Libor rate of interest rigging to sue UBS for $400m | UBS

greater by greater
October 27, 2025
Reading Time: 3 mins read
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First banker jailed over Libor rate of interest rigging to sue UBS for 0m | UBS


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Tom Hayes, the primary banker jailed over Libor rate of interest rigging, is suing his former employer UBS for $400m (£300m), claiming he was a “hand-picked scapegoat” for the Swiss financial institution because it tried to keep away from regulatory scrutiny.

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