Libor accused asked ‘Pete the Greek’ of UBS for help

The former trader charged with manipulating Libor asked a senior manager at UBS Group for help pushing the benchmark rate to suit his positions, according to emails shown to a London jury.

Thomas Hayes sent an email to Panagiotis Koutsogiannis, then the bank’s head of funding for the rates division, requesting that he approve a UBS trade to help move Libor lower.

“Hi mate, we have a big 1m fixing position over the next month,”Mr Hayes wrote in a July 1, 2008, email shown to the jury by prosecutors yesterday.