Trick No, that was first revealed in 2012, resulted in
last week that six of the world’s largest banks were fined 45
billion.
British Tom Hayes accused of having manipulated
exchange rates from late 2007 to early 2013 own
lucre. Several other agents were involved, but Hayes considered to have
Been leader.
According to British finance guards (Serious Fraud Office) he lied
whether interest that his bank paid for borrowing money, in an attempt to
manipulate the overall Libor interest rate.
– Hayes wanted to make as much money as he could, said prosecutor Mukul Chawla during Tuesday’s hearing.
– All brokers want to maximize profits, but
Hayes did this dishonestly. He did everything he could to
manipulates bank interest rate known as Libor. His subject was
greed, said Chawla in the crowded courtroom.
Hayes has pleaded not guilty. The Briton has
previously worked as a broker for the Swiss bank UBS and US
Citigroup. The trial is expected to last several weeks.
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