Accountancy

Convicted Libor rigger Tom Hayes ‘blocked’ from UK banks

The former trader says he cannot get paid post-prison after being barred from opening accounts with seven high-street lenders

The former UBS and Citigroup trader has been flagged as a 'risk' by banks despite serving his prison sentence
The former UBS and Citigroup trader has been flagged as a 'risk' by banks despite serving his prison sentence Photo: Bloomberg via Getty Images

Tom Hayes, the convicted Libor rigger, says that he cannot get paid since leaving prison after being barred from opening accounts with seven UK banks.

The former UBS and Citigroup trader was released from jail in January having served five-and-a-half years of an 11-year term for his involvement in a market-wide conspiracy to manipulate the London Interbank Offered Rate, a benchmark that helps determine interest rates on mortgages and sizeable corporate loans.

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