How a junior trader paid for the banks crisis – while the big bosses escaped the dock
- Posted on July 24, 2025
- By The Independent
- 2 Views

How a junior trader paid for the banks crisis – while the big bosses escaped the dock

The Libor scandal 10 years ago saw Tom Hayes being found guilty and sentenced to 14 years. As his conviction is quashed, Chris Blackhurst looks at how he was made an example of for a much bigger problem, where most got off scot-free