Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Ex-UBS trader faces extradition over Libor charges

Ex-UBS trader faces extradition over Libor charges

A former UBS trader is facing extradition after he was charged with conspiracy to manipulate the Libor rate by US authorities, following the bank’s $1.5 billion fine for its role in the scandal.

British trader Tom Alexander William Hayes, 33, was charged yesterday alongside Roger Darin, a 41-year-old Swiss trader, by the US Department of Justice. Hayes will also be charged in a New York federal court with wire fraud.

He was among three men arrested by the Serious Fraud Office. According to reports, the US charges are likely to spark a wrangle between UK and US authorities over Hayes’ case.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: Kevin Doran's formula for success at AJ Bell

Profile: Kevin Doran's formula for success at AJ Bell

From a degree in theoretical physics to teaching and becoming one of the youngest chief investment officers in the UK, Kevin Doran has certainly had an interesting career.

Wealth Manager on Twitter