Barclays Rate-Rigging Convictions Overturned

Five former Barclays traders have had convictions linked to benchmark-rate manipulation overturned, following the UK Supreme Court’s ruling on former UBS trader Tom Hayes. I outline the cases and the wider enforcement context surrounding the Libor and yen Libor scandals.

- **Rulings and cases:** The overturned Barclays convictions and the earlier decision on Hayes
- **Scandal and enforcement:** The benchmark rates involved, global bank fines, and UK prosecutions
- **Next steps:** A former Deutsche Bank trader’s pending appeal and the Serious Fraud Office’s position

For viewers following financial-crime cases, this provides a concise overview of the rulings and prosecution history, without examining the detailed legal reasoning. Follow reporting on the pending appeal for updates on the remaining case.