-
ELEVEN more bank workers face trial after city trader dubbed 'Rainman' is jailed
Eleven more bankers are to face trial after the first City trader was jailed for fixing the Libor rate. Tom Hayes, a 35-year-old dubbed ‘Rainman’ after making £200million for UBS over four years, was sentenced to 14 years behind bars after being found guilty of conspiring to fix rates for profit. He was described as the ‘ringmaster’ of a larger group who ‘cajoled’ rate setters at other banks in to submitting false data to manipulate the the London interbank offered rate (Libor) between 2006 and 2010. Hayes was one of 13 people arrested by the Serious Fraud Office in relation to the scandal. One senior ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Aug 4, 2015 8:19am Aug 4, 2015 8:19am
- Bakker
- Joined Jun 2011 | Status: Member | 3247 Comments
- Comment #2
- Quote
- Aug 4, 2015 8:54am Aug 4, 2015 8:54am
- Ojiego
- | Joined Jan 2015 | Status: Critical Source | 1018 Comments
- Comment #3
- Quote
- Aug 4, 2015 8:56am Aug 4, 2015 8:56am
- Bakker
- Joined Jun 2011 | Status: Member | 3247 Comments
- Comment #4
- Quote
- Aug 4, 2015 9:03am Aug 4, 2015 9:03am
- Ojiego
- | Joined Jan 2015 | Status: Critical Source | 1018 Comments
- Comment #5
- Quote
- Aug 4, 2015 9:07am Aug 4, 2015 9:07am
- Bakker
- Joined Jun 2011 | Status: Member | 3247 Comments
- Comment #6
- Quote
- Aug 4, 2015 9:09am Aug 4, 2015 9:09am
- Bakker
- Joined Jun 2011 | Status: Member | 3247 Comments
- Comment #7
- Quote
- Aug 4, 2015 9:17am Aug 4, 2015 9:17am
- Ojiego
- | Joined Jan 2015 | Status: Critical Source | 1018 Comments
- Comment #8
- Quote
- Aug 4, 2015 9:23am Aug 4, 2015 9:23am
- Ojiego
- | Joined Jan 2015 | Status: Critical Source | 1018 Comments
- Comment #9
- Quote
- Aug 4, 2015 9:56am Aug 4, 2015 9:56am
- ChanhXanh
- | Joined Jul 2012 | Status: Member | 39 Comments
- Comment #10
- Quote
- Aug 4, 2015 10:11am Aug 4, 2015 10:11am
- Bakker
- Joined Jun 2011 | Status: Member | 3247 Comments
- Comment #11
- Quote
- Aug 4, 2015 2:24pm Aug 4, 2015 2:24pm
- Guest
- | IP XX.XX.215.207
- Comment #12
- Quote
- Aug 5, 2015 5:41am Aug 5, 2015 5:41am
- Nut
- Joined Dec 2006 | Status: Member | 214 Comments