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Ex-trader depicted as Libor 'ringmaster'

Published Wed, May 27, 2015 · 09:50 PM

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    London

    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 dishonesty on an enormous scale," Mukul Chawla, the prosecutor, told the jury.

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