ADVERTISEMENT

Citi declines comment on former trader Hayes guilty verdict

The bank declined further comment after a jury in London delivered its verdict and found Hayes, 35, guilty of charges of conspiracy to defraud.

Citi declines comment on former trader Hayes guilty verdict

Citigroup declined comment on Monday on a guilty verdict against former trader Tom Hayes, who worked for the U.S. bank for 10 months, in the first trial of a defendant accused of Libor interest rate rigging.

"Tom Hayes was terminated in September 2010 following an incident that was reported to compliance. Citi also reported the matter to the appropriate regulators at the time," Citigroup said in an emailed statement.

The bank declined further comment after a jury in London delivered its verdict and found Hayes, 35, guilty of charges of conspiracy to defraud.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Hajj Commission thanks 'Christian Uzodinma' for being its pillar of support

Hajj Commission thanks 'Christian Uzodinma' for being its pillar of support

Why our plane made emergency landing at Lagos airport, Air Peace clarifies

Why our plane made emergency landing at Lagos airport, Air Peace clarifies

Over 75% of Katsina children are multidimensionally poor – UNICEF

Over 75% of Katsina children are multidimensionally poor – UNICEF

PDP unveils 200-member campaign council for Ighodalo's guber election in Edo

PDP unveils 200-member campaign council for Ighodalo's guber election in Edo

Tinubu approves resumption of repair work on Third Mainland Bridge

Tinubu approves resumption of repair work on Third Mainland Bridge

Ondo Poll: Ganduje consoles Jimoh Ibrahim after crushing defeat in APC primary

Ondo Poll: Ganduje consoles Jimoh Ibrahim after crushing defeat in APC primary

FG to review recent price hike of DStv, GOtv packages amid public outcry

FG to review recent price hike of DStv, GOtv packages amid public outcry

BREAKING: FG grants Air Peace right to commence Abuja-London flights - Keyamo

BREAKING: FG grants Air Peace right to commence Abuja-London flights - Keyamo

Deputy who dumped Akeredolu clinches PDP governorship ticket

Deputy who dumped Akeredolu clinches PDP governorship ticket

ADVERTISEMENT
ADVERTISEMENT