The Tom Hayes Libor Appeal Was a Decade in the Making: Timeline

Tom Hayes and Carlo Palombo in London on March 7.Photographer: Hollie Adams/Bloomberg

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By Katharine Gemmell and William Shaw

March 14, 2024 at 12:01 AM UTC

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A lot has happened in the 12 years since Tom Hayes was first arrested by UK police as part of global investigations into Libor rigging.

Hayes joined UBS Group AG as a yen interest-rate swap trader in Tokyo in 2006. He then switched to Citigroup Inc. in 2009, shortly after he was fired after an internal investigation found he had manipulated the London interbank offered rate.