Jailed Libor trader Hayes ordered to hand over 878,806 pounds

Tom Hayes, a former star trader serving an 11-year jail sentence for manipulating Libor interest rates, was on Wednesday ordered to hand over 878,806 pounds in a London proceeds-of-crime court hearing. Hayes, a 36-year-old former UBS and Citigroup derivatives trader, was held up as an example to errant bankers when he was convicted last August of masterminding a conspiracy to distort Libor, the London interbank offered rate, to suit his trading book. Britain's Serious Fraud Office (SFO) had been