Former Trader Tom Hayes Sentenced to 14 Years for Libor Rigging – WSJ<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"From David Enrich at the Wall St Journal: LONDON\u2014Former bank trader Tom Hayes was sentenced to 14 years in prison on Monday after a London jury convicted him of trying to fraudulently rig the London interbank offered rate, or Libor. The unanimous jury verdict, followed about an hour later by the judge\u2019s 14-year prison sentence, … <\/p>\n
Continue reading “Former Trader Tom Hayes Sentenced to 14 Years for Libor Rigging – WSJ”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[51],"tags":[1460,2099],"class_list":["post-12126","post","type-post","status-publish","format-standard","hentry","category-general","tag-fraudulent-rigging","tag-libor"],"yoast_head":"\nFormer Trader Tom Hayes Sentenced to 14 Years for Libor Rigging - WSJ - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Former Trader Tom Hayes Sentenced to 14 Years for Libor Rigging - WSJ - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From David Enrich at the Wall St Journal: LONDON\u2014Former bank trader Tom Hayes was sentenced to 14 years in prison on Monday after a London jury convicted him of trying to fraudulently rig the London interbank offered rate, or Libor. 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The deal, designed to restore Libor's international credibility, was announced Tuesday by a British government commission and\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20158,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/03\/28\/sp-500-markets-face-two-types-of-contagion\/","url_meta":{"origin":12126,"position":1},"title":"S&P 500: Markets face two types of contagion","author":"Colin Twiggs","date":"March 28, 2020","format":false,"excerpt":"The S&P 500 faces two types of threat. First, is the coronavirus outbreak. But equally dangerous is the financial contagion that will follow. Financial markets are heavily inter-connected and regulators do not have the ability to build adequate firebreaks to contain the outbreak in a single sector. 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