Tag: Tom Hayes

• Tuesday, August 4th 2015 - 05:13 UTC

  Libor rate rigging: ex trader sentenced to 14 years in jail by London court

  

  Ex-trader Tom Hayes was sentenced to 14 years in jail by a London court on Monday after being found guilty of conspiring to rig Libor benchmark interest rates following a seven-year global investigation.

• 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”.