Ex-UBS Trader Hayes Pleads Not Guilty Over Libor Rigging
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Tom Hayes, a former trader at UBS AG and Citigroup Inc., pleaded not guilty to conspiring to manipulate Libor in the first prosecution stemming from a global investigation into rate rigging.
Two former RP Martin Holdings Ltd. brokers, Terry Farr and James Gilmour, also pleaded not guilty to related charges at a London court today. The trio, who are being prosecuted by the U.K. Serious Fraud Office, are the first to enter pleas in the case.