A $400 million lawsuit against UBS is designed to punish banks who throw employees to the wolves

fortune.com/2025/11/07/tom-hayes-lawsuit-ubs-punish-banks-throw-employees-wolves

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…

This story appeared on fortune.com, 2025-11-07 16:14:30.
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