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Six former brokers stand trial over Libor

London court hears brokers helped convicted trader Tom Hayes rig interest rate benchmarks for financial gain

Six former brokers stand trial over Libor

Six former brokers with nicknames including “Lord Libor” and “Big Nose” helped convicted bank trader Tom Hayes rig interest-rate benchmarks for financial gain, a London court heard on October 6 – the first day of a criminal trial.

Prosecutor Mukul Chawla of Britain's Serious Fraud Office said the former employees of Icap, RP Martin and Tullett Prebon were "willing and enthusiastic" participants in attempts by Hayes and others to manipulate rates.

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