Hayes tried to influence colleagues after joining Citi, Libor trial hears

Tom Hayes, the former star trader on trial for alleged Libor-rigging, tried to build up relationships at Citigroup (C.N) soon after joining from UBS (UBSG.VX), hoping to influence the rate-setting process there, according to evidence presented in a London court on Friday.     Hayes, who worked for UBS as a derivatives trader in Tokyo until he was poached by Citi in 2009 with a 2.2 million pound ($3.5 million) "special cash award", began a dialogue with rate setters and traders at his new firm almost immediately after joining in December that year.     "I think we need a good dialogue with the cash desk (which sets Libor rates), they can be invaluable to us ... if we need to know ahead of the time we can position and scalp the market," Hayes wrote in an email, shown to the jury, to his new colleagues at Citi on Dec. 14 2009.

Hayes tried to influence colleagues after joining Citi, Libor trial hears source: http://finance.yahoo.com/news/hayes-tried-influence-colleagues-joining-164315351.html