Former trader pleads not guilty

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December 18, 2013

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Source: Agencies | December 18, 2013, Wednesday |

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A former Citibank and UBS trader has pleaded not guilty to eight charges related to rigging the London interbank lending rate, known as Libor.

Trader Tom Hayes, 34, pleaded not guilty yesterday at London’s Southwark Crown Court. His trial is not due to begin until 2015.

He is charged with conspiring with employees from other institutionss, including Deutsche Bank, UBS, JP Morgan Chase, and HSBC.

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