Citigroup Promotes Banker Who Hayes Said Knew of Libor Rigging

  • McCappin named co-head of institutional FX sales in September
  • Citigroup says that McCappin `remains a valued employee'

Citigroup Inc. promoted an executive who Tom Hayes, a former colleague who is now a convicted felon, has repeatedly said was aware of Libor manipulation, according to two people with knowledge of the situation.

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