Tag: Mukul Chawla QC

• Thursday, May 28th 2015 - 06:24 UTC

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

  

  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”.