Deutsche, Merrill courted sacked Libor trader

摘要

Tom Hayes, the first trader to stand trial on alleged Libor rigging charges, was called by Merrill Lynch and Deutsche Bank about possible job offers after being fired by Citigroup for alleged interest rate rigging, a London court has heard. Prosecutors allege Hayes was motivated by greed when he set up a network of traders and brokers at some of the world's leading financial institutions and pressured others to move benchmark rates in directions that benefited his trading book. Hayes, who worked for UBS as a derivatives trader in Tokyo until he was poached by Citigroup in 2009, has pleaded not guilty to eight counts of conspiracy to defraud.