Finance
City trader sues UBS for $400m after rate-rigging conviction quashed
Tom Hayes launches a legal claim against UBS, claiming he was the bank's "hand-picked scapegoat".


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Tom Hayes launches a legal claim against UBS, claiming he was the bank's "hand-picked scapegoat".

The traders decision to appeal comes after the victory of two other traders in the Supreme Court

Carlo Palombo and Tom Hayes have secured victory after a 10-year fight but what are the next steps for the former traders?

Tom Hayes and Carlo Palombo were jailed for manipulating interest rates.
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