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Ex-trader depicted as Libor 'ringmaster'

Hayes was part of a larger ring of about 25 traders at 16 banks, some of whom face separate trials or are under investigation.


TOM Hayes, a 35-year-old former trader for Citigroup and UBS, was the "ringmaster" in a concerted effort to manipulate global benchmark interest rates to make as much money as he could, prosecutors said on Tuesday in a London court.

"It was that greed that led to his

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