Libor Trader Tom Hayes Set for Release After Nearly Six Years in Jail
- Ex-UBS, Citigroup trader’s parole a milestone in old scandal
- Tom Hayes will re-enter a world changed by pandemic, lockdown
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Tom Hayes, the former UBS Group AG and Citigroup Inc. trader who became the face of the Libor scandal, was released Friday after nearly six years in prison.
Hayes, who served about half of an 11-year sentence, was met by his wife and son after he left a minimum-security prison south of London. His freedoms will still be restricted by a combination of parole conditions and measures to curb the spread of Covid-19.