Skip to main content

Newsroom

December 11, 2012

Three Questioned in Libor Probe

“British law-enforcement authorities arrested three men Tuesday as part of a widening criminal investigation into attempted manipulation of interest rates.

The U.K. Serious Fraud Office said the three British nationals, aged 33, 41 and 47, were questioned at a London police station and that authorities searched their homes near London.

While the SFO didn’t identify the men, one of them is Thomas Hayes, a former trader at UBS AG and Citigroup Inc., according to people familiar with the matter. Authorities in multiple countries have been looking into Mr. Hayes as an alleged coordinator of a group of employees at multiple banks who sought to manipulate the London interbank offered rate, or Libor, according to people familiar with the case.”

***

Read full Wall Street Journal article here

In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today