Tom Hayes is a former trader for UBS and Citigroup who was convicted of conspiring with others to manipulate the London Interbank Offered Rate (Libor) as part of the Libor scandal. He was sentenced to 14 years in prison - reduced to 11 years on appeal.
City rate-rigging convictions quashed - what happens next?
Carlo Palombo and Tom Hayes have secured victory after a 10-year fight but what are the next steps for the former traders?
BBC News