Trader Kept Libor 'artificially High'

A jury in England heard today that the trader at the centre of the Libor (Lie-Bore) rate-rigging trial tried to influence other banks to manipulate the key benchmark rate to suit his own trading positions
Tom Hayes, who worked for UBS and Citigroup, allegedly told one trader that he had managed to keep the three-month Libor rate "artificially high".
Hayes, is facing eight counts of conspiracy to defraud.
He denies the charges.
He is accused of acting in "a thoroughly dishonest manner" in his alleged attempts to rig the benchmark rate.



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