The Irish Times reported that former Citi trader Tom Hayes was sentenced to 14 years in jail after he became the first person to be convicted by a jury of rigging Libor.
PNC Business Credit announced the appointment of Tom Hayes to lead the western regional team.
The Wall Street Journal reported that regulators in the U.S. and UK want to know if senior executives at up to a dozen banks participated in alleged LIBOR manipulation.
According to the UK’s Serious Fraud Office, Terry Farr and James Gilmour, former brokers at RP Martin Holdings, have been charged with offenses of conspiracy to defraud in connection with an investigation into the manipulation of LIBOR.
Bloomberg reported that Tom Hayes, one of two former UBS traders charged by U.S. prosecutors, is portrayed by regulators as the kingpin of a three-year campaign that succeeded in manipulating global interest rates.