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A $400 Million Lawsuit Against UBS Is Designed to Punish Banks Who Throw Employees to the Wolves

Summary by Fortune
In August 2015, former UBS banker Tom Hayes sat in a London courtroom after being found guilty of eight counts of conspiracy to defraud, for his involvement in the Libor interest-rate rigging scandal. That day, he would be sentenced to 14 years in prison, the longest white-collar sentence in British history. Packed in the prison bag he never thought he would need was Amanda Knox’s book Waiting To Be Heard. He read the memoir in segregation, but …

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der Standard AT broke the news in Vienna, Austria on Friday, November 7, 2025.
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