Tom Hayes, Face of Libor Scandal, Sues UBS for $400 Million

The Wall Street JournalMonday, October 27, 2025 at 9:04:00 PM
Tom Hayes, Face of Libor Scandal, Sues UBS for $400 Million
Tom Hayes, the former banker at the center of the Libor scandal, is suing UBS for $400 million after serving five years in prison for manipulating the benchmark interest rate. This lawsuit highlights the ongoing repercussions of the scandal, which shook the financial industry and raised questions about regulatory oversight. Hayes' case serves as a reminder of the severe consequences of financial misconduct and the lengths to which individuals will go to seek justice.
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