Ex-trader depicted as Libor 'ringmaster'

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.