
The Tom Hayes Libor Appeal Was a Decade in the Making: Timeline
Hayes joined UBS Group AG as a yen interest-rate swap trader in Tokyo in 2006. He then switched to Citigroup Inc. and was fired in 2009 after an internal investigation found he had manipulated the London interbank offered rate.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Three arrested at latest protest outside Essex hotel used to house migrants
Three people have been arrested at a protest and counter-protest outside an Essex hotel being used to house migrants. Sunday saw the latest in a series of demonstrations outside The Bell Hotel in Epping, after an asylum seeker was charged with allegedly attempting to kiss a 14-year-old girl. Protesters waved union flags, while Stand Up To Racism counter-protesters marched to the hotel with signs reading: 'Stop scapegoating refugees and migrants'. A 52-year-old man from Loughton was arrested on suspicion of a public order offence - it is understood the arrest was in connection with abuse being shouted towards counter-protesters. A 53-year-old woman, also from Loughton, was arrested on suspicion of a racially aggravated public order offence connected with a previous protest, and it is understood she was part of the protest against the use of the hotel. A 27-year-old woman from Deptford was arrested on suspicion of criminal damage and a public order offence, and it is understood she was part of the counter-protest. Read more Watch: Police release footage of Epping protest after online 'misinformation' 'Migrant hotel': Epping council unanimously urge Government to close hotel Fresh dispersal order in place for Epping after 'migrant hotel' protests Four charged with violent disorder after 'migrant hotel' protest in Epping Essex Police Chief Superintendent Simon Anslow said: 'I want to thank those who attended for the peaceful nature of both protests. 'Our role is to ensure that you can express your democratic right to protest safely and lawfully and we had a proportionate and robust plan in place to ensure that could happen. 'I am pleased that today has passed off without incident and I am grateful to our colleagues from other forces for their support.' Essex Police said it had established protest restrictions due to repeated serious disruption, violence, and harm to the community during previous demonstrations. A dispersal order was in effect from 12pm on Sunday until 8am on Monday, covering Epping town centre and nearby transport hubs. Both sets of protesters were kept separated by fences. Essex Police said that residents have reported feeling 'trapped', fearful of leaving their homes and anxious about protest activity previously. Hotel residents and staff have been advised to remain indoors after 5pm as some have experienced verbal and physical harassment, including a resident chased and injured while returning to the hotel, the force added. The Epping protest was sparked by the charging of asylum seeker Hadush Gerberslasie Kebatu, 38, with sexual assault after he allegedly attempted to kiss a 14-year-old girl. He denied the charge at Chelmsford Magistrates' Court and will stand trial in August.
Yahoo
16 minutes ago
- Yahoo
Tesco staff stop alleged thief - police use pepper spray to subdue him
At around 8:20pm on July 22, Tesco staff and security at the Swansea Tesco Extra near the train station stopped a suspected thief trying to leave with stolen goods. When cornered, the man smashed bottles inside the store, prompting staff to block all exits. Police arrived and, after initially drawing a Taser, used pepper spray to subdue the 44-year-old suspect, Adam Griffiths. Griffiths was arrested, charged with criminal damage, pleaded guilty, and was sentenced to four weeks in prison.


Bloomberg
16 minutes ago
- Bloomberg
GM, Severn Trent Seize on Risk-on Mood With Impromptu Bond Sales
General Motors Financial Co Inc. and UK utility Severn Trent are seizing on a rally in European markets to bring euro debt offerings. General Motors is selling a four-year euro-denominated benchmark senior unsecured bond at about 125 basis points above midswaps, while Severn Trent Utilities Finance Plc is offering a euro benchmark sustainability bond due in 12 years at about 160 basis points above swaps, according to two separate people with knowledge of the offerings.