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Ex-Tullett broker released on bail in Libor case

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A former employee of the British brokerage firm Tullett Prebon Group made his first appearance in a London court on Tuesday in a criminal inquiry into the manipulation of a global benchmark interest rate, and he was released on bail.

Terry Smith could soon leave Tullett Prebon

Exit Sign

Terry Smith, the chief executive of Tullett Prebon and a prominent figure in London's financial circles, could leave the interdealer broker as early as the end of June, a source familiar with situation told Reuters on Tuesday.

Tullett Prebon to trim headcount

Graph And Coins

British interdealer broker Tullett Prebon said on Friday it would cut costs and trim headcount as challenging market conditions continued to weigh on its business, sending revenue 12% lower in the first four months of the year.

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