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Libor rate rigging trial reveals “scratch my back, I'll scratch yours” dealings among traders

Thursday, May 28th 2015 - 06:24 UTC
Full article 2 comments

The trader at the centre of the Libor rate-rigging trial tried to influence other banks to manipulate the key benchmark rate to suit his own trading positions, a jury at Southwark Crown Court has heard. Tom Hayes allegedly told one trader that he had managed to keep the three-month Libor rate “artificially high”. Read full article

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