Back to today’s briefing

Story perspectives

Supreme Court Clears Hayes, Palombo of Libor Convictions

7/25/2025

27 6

Summary

Story summary

Tom Hayes and Carlo Palombo, once branded as villains of the financial crisis, are reclaiming their narratives after the Supreme Court overturned their wrongful convictions. Hayes, who spent over five years behind bars for alleged Libor rigging, now faces the daunting task of rebuilding his life, grappling with the emotional scars of an unjust ordeal.

1 of 1

Story summary

Tom Hayes and Carlo Palombo, once branded as villains of the financial crisis, are reclaiming their narratives after the Supreme Court overturned their wrongful convictions. Hayes, who spent over five years behind bars for alleged Libor rigging, now faces the daunting task of rebuilding his life, grappling with the emotional scars of an unjust ordeal.