‘They needed to jail a banker – I used to be that banker’

It was commonplace trade apply, based on the CCRC utility for Mr Hayes, to pick a charge inside that correct vary finest suited to the financial institution’s industrial pursuits – primarily based, for instance, on the trades it had finished. That was, based on him and the opposite defendants in rate-rigging trials, in keeping with a fiduciary responsibility that they had as a part of their jobs to do all they may to maximise revenues and minimise losses for his or her banks.