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Tom Hayes

  • Tom Hayes Libor trial timeline key dates: Former trader accused on attempting to manipulate Libor rate

    August 3, 2015

    Well, that's it: former UBS and Citibank trader Tom Hayes has been sentenced to 14 years in jail, after being found guilty on eight counts of conspiring to rig the Libor rate. During a nine-week trial, the prosecution painted Hayes as someone who acted in a "thoroughly dishonest and manipulative manner" to mastermind a web [...]

  • Ex-trader Tom Hayes sentenced to 14 years as he is found guilty on Libor charges

    August 3, 2015

    Former City trader Tom Hayes was sentenced to 14 years in jail as he became the first person to be convicted over the Libor rate rigging scandal, after being found guilty on all eight counts of conspiring to defraud by a jury at Southwark Crown Court today. The jury had been out for a week, [...]

  • Jury sent out to consider verdict in Tom Hayes libor-rigging trial

    July 29, 2015

    The jury has been out to consider the verdict in the trial of former trader Tom Hayes who is accused of attempting to manipulate the Libor rate. The former UBS and Citigroup yen derivatives trader, who is 35, denies eight charges of conspiracy to defraud between August 2006 and September 2010. Prosecutors have branded Hayes "greedy" and [...]

  • Tom Hayes Libor-rigging trial: Broking market described as the Wild West

    June 16, 2015

    The former trader on trial for alleged interest rate rigging described the broking market he worked in as being like the “Wild West” in court yesterday.   Former UBS and Citigroup yen derivatives trader Tom Hayes told the court that the market had no rules and relationships in the sector relied on lavish entertainment.   [...]

  • Tom Hayes recruited accomplices to manipulate Libor, court told

    May 27, 2015

    Former UBS and Citi trader Tom Hayes spent years recruiting other bankers and brokers to help him manipulate Libor submissions, prosecutors claimed yesterday. Hayes, the first trader to face accusations in front of a jury, denies eight charges of conspiracy to defraud. Southwark Crown Court yesterday heard that he tried to recruit his step-brother, who works at [...]

  • Libor case: Senior Bank of England official “The Hammer” received emails from Tom Hayes’ brokers

    May 27, 2015

    A senior Bank of England official nicknamed “the Hammer” was sent emails that were part of an alleged campaign to rig the benchmark interest rates, a London court heard today.    Martin Mallett, who at the time was chief currencies dealear at the BoE, was among dozens of people who received an email in 2007 [...]

  • Trader Tom Hayes accused of greed and dishonesty in Libor-rigging scandal

    May 26, 2015

    The first trial of a trader accused of fraudulently attempting to manipulate key interest rate benchmark Libor began in Southwark yesterday.   Prosecutors said Tom Hayes, a 35-year-old former UBS and Citigroup trader, was “greedy” and used his position over several years to engage in the “dishonest rigging of Libor”.   Hayes, who pleaded not [...]

  • Libor-rigging scandal: Tom Hayes lost his Citi job over his methods, prosecutors tell court

    May 26, 2015

    Former trader Tom Hayes was fired in 2010, four years after he started attempting to manipulate Libor, according to the prosecution’s case in court yesterday.   Lawyers presenting the Serious Fraud Office’s (SFO) case in Southwark Crown Court said the former UBS and Citi banker received complaints just months after he started to work at [...]

  • Libor-rigging scandal: As trader Tom Hayes comes to court, wait for justice will soon be over – Bottom line

    May 26, 2015

    Politicians have been screaming for blood over the Libor scandal for years, as fines and firing have not sated their anger with banks.    Now they have a chance to see if one accused trader will be jailed, as the evidence is presented to a jury.   But coming three years after the Barclays fine blew [...]

  • First Libor case with ex-UBS and Citigroup trader Tom Hayes comes to trial at Southwark Crown Court today

    May 26, 2015

    The first criminal trial over allegations of conspiracy to rig the Libor benchmark interest rate will start in London court today. Tom Hayes, a former trader at banks UBS and Citigroup, will appear at Southwark crown court charged with eight counts of conspiring to rig the Libor rate. Hayes previously pleaded not guilty to charges of conspiracy [...]

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