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Is Trump Going To Unveil The Darkness Among The Banks In His Reign?
#1
[Image: rtx1mv0i.jpg]

It was the moment the biggest financial conspiracy ever seen started to fall apart.

“What the f*** kind of bank is this?”

Chris Cecere, a Citigroup executive based in Japan, was asking Andrew Morton, a London-based colleague, why the compliance department was looking into the conduct of Tom Hayes.

http://www.businessinsider.sg/the-fix-li...ct-2017-1/
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#2
Hayes, considered at the time a star trader, was later jailed for rigging Libor, a key interest rate that has been called the world’s most important number.
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#3
Hayes had no idea what had just happened in London or the repercussions it would have. As ever, his mind was squarely on his trading book, and he was stressed.
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#4
Waking on Saturday, Hayes composed an e-mail to Cecere and Morton apologizing for how much money he’d lost and promising to make amends. Morton told him not to worry, but said that he needed to reduce his risk—the size of the bets he had outstanding—as soon as possible. It was a blow to Hayes’s ego.
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#5
Waking on Saturday, Hayes composed an e-mail to Cecere and Morton apologizing for how much money he’d lost and promising to make amends. Morton told him not to worry, but said that he needed to reduce his risk—the size of the bets he had outstanding—as soon as possible. It was a blow to Hayes’s ego.
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#6
Cecere got wind of the situation on July 12. He waited until the Japanese markets had closed and called Morton, the one man at the bank who he knew would give it to him straight.
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#7
“I have a question for you: is there some issue with Little Hoshino in London and risk treasury? Did those guys, like, report him?” Cecere said.
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#8
[Image: screen%20shot%202017-01-05%20at%20113721%20am.png]

“They feel like they, you know, multiple times, uh, you know, um, sort of pushed back,” Morton told him. “Thursfield is being subpoenaed by the SEC, you know, so they figure ‘f***, if we have people visit us like this and, you know,we should log it with compliance.”’
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#9
Cecere couldn’t believe what he was hearing.“Those f***ing c****,” he spat. “What is wrong with them? Pardon my language, but that drives me f***ing mental. Pick up a phone and have a word with me.”
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#10
“I’ve told you, dude, multiple times, be f****ing careful with those guys,” Morton replied.
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