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Trader to face trial in rate-rigging case

Associated Press
Trader to face trial in rate-rigging case

Former UBS trader Tom Hayes is surrounded by members of the media as he leaves the Westminster Magistrates court, in London, Thursday, June 20, 2013. A British court has ruled that a former Citibank and UBS trader will face trial on conspiracy charges in the rigging of a key loan rate. Trader Tom Hayes, 33, appeared in Westminster Magistrates Court on Thursday on charges related to the manipulation of the London interbank lending rate or LIBOR. The rate underpins loans and indirectly affects costs for the borrowing for houses, cars and other consumer items. (AP Photo/Lefteris Pitarakis)

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