Ex-broker denies he helped rig Libor

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A former Tullett Prebon broker accused of helping Tom Hayes rig Libor said he told the former UBS trader he’d help him manipulate the rate to get him off his back, but never actually followed through with it.

Bloomberg News reports that Noel Cryan, one of six brokers on trial in London, told prosecutors in a 2014 interview that he regularly told Hayes he would help because he was a huge customer, but in reality he did nothing.

During two days of questioning at the Serious Fraud Office’s headquarters near Trafalgar Square, Cryan referred to Hayes as bizarre, obsessive, moody and, on several occasions, psychotic.

'I never ever spoke to anybody else at our place, or anywhere else for that matter about Libor manipulation', Cryan said in the interview read to jurors by prosecutors Thursday. 'I never got out of my chair and I never went over and spoke to them. And at the end of the day he can’t see. He hasn’t got a camera in the office'.

To access the complete Bloomberg News article hit the link below:

Ex-Tullett Broker Said He Lied to Hayes About Libor to Save Job

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