Former UK trader Hayes pleads ‘not guilty’ to Libor fraud charges

Tom Hayes, a former UBS and Citigroup trader, on Tuesday pleaded “not guilty” in a London court to charges that he had sought to manipulate Libor benchmark interest rates with peers from around 10 leading banks and brokerages. The 34-year-old, who appeared alongside former RP Martin brokers Terry Farr and James Gilmour, has been charged with eight counts of conspiracy to defraud between 2006 and 2010 as part of a global inquiry stretching from the U.S. to Asia.


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