Former bank trader Tom Hayes told British investigators that he arranged to pay brokers for “help and information” in his attempts to manipulate interest rate benchmarks, a London court heard Wednesday.

Hayes, a former UBS and Citigroup trader, on trial for conspiring to defraud through attempted benchmark interest rate rigging, told investigators with the UK's Serious Fraud Office that he routed trades through helpful brokers to generate commissions for them, and that one brokerage company received a quarterly fixed fee.