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Chairman's Statement - 42nd St. Gallen Symposium

Lord Griffiths of Fforestfach (GB) Vice Chairman, Goldman Sachs InternationalFor the 14th time, Lord Griffiths of Fforestfach leads through the programme of the St. Gallen Symposium's opening day.

Goldman Sachs tried to lure Libor trader with $3 mln bonus, court hears| Reuters

May 29, 2015    

LONDON Tom Hayes, a former trader charged with conspiring to rig benchmark interest rates, had become such a powerful player in 2008 that Goldman Sachs tried to hire him with a $3 million signing-on bonus, a London court was told on Thursday.Hayes, who worked for Swiss-based bank UBS at the time, is the first person to face a jury trial over alleged manipulation of the London interbank offered rate (Libor) after a global investigation that led to banks and brokerages paying around $9 billion in fines.Mukul Chawla, prosecuting for Britain's Serious Fraud Office (SFO), alleged that Hayes, who jo...

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