Citigroup Manager Said Hayes Boasted of Libor Rigging Ability
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A Citigroup Inc. official said in 2010 that Thomas Hayes, who is on trial for manipulating Libor, openly discussed at a meeting how he influenced benchmark rates while at UBS Group AG.
Andrew Thursfield, Citigroup’s European head of risk treasury, met Hayes in October 2010, two months before Hayes joined the U.S. bank, one of Hayes’s lawyers told jurors in London Thursday.