The UK Serious Fraud Office charged Tom Hayes, a former trader at UBS and Citigroup, with conspiracy to defraud in connection with the manipulation of LIBOR.

Tom Alexander William Hayes, 33, of Surrey was one of the three individuals arrested and interviewed on December 11, 2012 by officers from the SFO and City of London Police.

He appeared at the Bishopsgate police station this morning where he was charged by City of London Police with eight counts of fraud.

He will appear before Westminster Magistrates’ Court at a later date.