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

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It was normal business follow, in accordance with the CCRC software for Mr Hayes, to pick a fee inside that correct vary greatest suited to the financial institution’s business pursuits – based mostly, for instance, on the trades it had finished. That was, in accordance with him and the opposite defendants in rate-rigging trials, according to a fiduciary obligation that they had as a part of their jobs to do all they might to maximise revenues and minimise losses for his or her banks.