Libor Brokers Called Hayes Berating ‘Very Upsetting’ in Messages
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Thomas Hayes, the former UBS Group AG and Citigroup Inc., trader accused of rigging Libor, berated brokers and colleagues when things didn’t go his way, according to messages shown to jurors by prosecutors.
Hayes communicated daily with interdealer brokers, colleagues and traders at other banks to push yen Libor rates around to suit his positions, prosecutors told jurors on the 15th day of Hayes’s trial in London. If he felt they weren’t doing enough, he told them so, transcripts of calls and electronic messages show.