Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and 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.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter