Ex-Citi Trader Jailed Over Libor Says U.S. Ruling Clears Him Too

The former UBS Group AG and Citigroup Inc. trader who became the face of the Libor manipulation scandal says a U.S. court ruling exonerating two ex-Deutsche Bank AG traders proves he was wrongfully convicted too.

“I have committed no crime,” Tom Hayes said in a statement Friday, a day after a federal appeals court in Manhattan overturned the convictions of Matthew Connolly and Gavin Black for allegedly manipulating the benchmark interest rate. The U.S. Court of Appeals said prosecutors failed to prove Connolly and Black’s actions caused Deutsche Bank to make a false or misleading submission to the panel ...