You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe


Ex-Citigroup trader among 3 held in Libor case

First of British arrests as global inquiries proceed

LONDON — A former Citigroup trader is among three people held in the first British arrests as part of global probes into tampering with the London interbank offered rate, two people familiar with the matter said Tuesday.

Thomas Hayes, a former trader at UBS AG and Citigroup, was arrested by the Serious Fraud Office and City of London Police on Tuesday, said the people, who asked not to be identified because the investigation is continuing.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week