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Banks Paid Hayes For Libor Wizardry, Fraud Office Says

By Melissa Lipman ( March 15, 2016, 9:48 PM GMT) -- The Serious Fraud Office told a London judge Tuesday that convicted former Libor trader Tom Hayes manipulated the key benchmark rate in order to reap profits for the banks where he worked and ultimately himself, arguing that the court should force him to return £2.4 million ($3.4 million) in compensation....

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