Libor trial: latest news

Day-by-day coverage of Tom Hayes Libor trial

Tom Hayes
On trial: Tom Hayes

August 3: Libor rigger Hayes jailed for 14 years

July 27 – Day 41: Hayes judge concludes his summing-up; jury retires

July 24 – Day 40: Hayes saw his Libor requests as a 'numbers game' – judge

July 23 – Day 39: Dishonesty central issue of Hayes case, judge reminds jury

July 22 – Day 38: Hayes believed he broke no rules – Libor trial

July 21 – Day 37: Hayes cannot blame others for his Libor fraud, prosecution argues

July 20 – Day 36: Hayes prosecution puts the focus on dishonesty

July 17 – Day 35: Libor trial: moving rates for profits was accepted, court hears

July 16 – Day 34: Libor conspiracy 'cloak and dagger', says prosecution

July 15 – Day 33: No link between wash trades and Libor skew, Hayes tells court

July 14 – Day 32: Libor trial: prosecution slams Hayes defence as 'nonsense'

July 10 – Day 30: Hayes: UBS Libor guide proves bank 'threw him under the bus'

July 9 – Day 29: Wash trades 'not bribes', Hayes says at Libor trial and Angry Hayes denies Libor setters 'parroted' brokers' rates

July 8 – Day 28: Hayes says his UBS boss gave tacit approval to rig Libor

July 7 – Day 27: Libor manipulation 'way of life' – Tom Hayes

July 6 – Day 26: Hayes prosecution wraps up with UBS Libor-rigging announcement

July 2 – Day 25: UBS Libor cleared by traders, says Hayes defence

June 30 – Day 24: Hayes thought his Libor requests too small to be investigated, court hears

June 29 – Day 23: Libor trial hears of lead-up to Hayes's dismissal from Citi

June 26 – Day 22: No formal governance of Libor setting at Citi, court hears

June 25 – Day 21: Citi managers 'low-balled' Libor, Hayes defence argues

June 24 – Day 20: Trial hears of Citi senior manager's concerns about Hayes

June 23 – Day 19: Broker opinions vital to Libor setting, court hears

June 19 – Day 18: Jury hears Hayes faced tougher regime at Citi than at UBS

June 18 – Day 17: UBS culture was tolerant of Libor abuse, Hayes told police

June 17 – Day 16: Libor manipulation was 'standard practice', says Hayes

June 16 – Day 15: 'Trust me' – Hayes regularly promised payment for brokers' help

June 12 – Day 13: Libor trial hears of 'bribe' wash trades as Lehman failed

June 9 – Day 10: Hayes trial hears BBA ditched plan to stop Libor 'low-balling'

June 8 – Day 9: BBA avoided knowing which banks were rigging Libor, jury hears

June 5 – Day 8: BBA and BoE aware of banks submitting false rates – Libor trial

June 4 – Day 7: Rumours of Libor rigging emerged in 2007, Hayes jury hears

June 2 – Day 5: Rate rigging was endemic – Libor trial

June 1 – Day 4: Hayes was fully aware his actions were dishonest

May 28 – Day 3: Libor fixed with £336,000 in bribes – prosecution

May 27 – Day 2: Prosecution says language in emails ‘speaks for itself’

May 26 – Day 1: Hayes cajoled brokers to help him – prosecution


London's Southwark Crown Court, venue for the Hayes Libor trial
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