Trial hears phone call evidence in Libor rate case

The first criminal trial linked to the rigging of a key interest rate has been hearing evidence from the prosecution.

Tom Hayes, a former City trader, is accused of acting in a "thoroughly dishonest manner" in his alleged attempts to rig the so-called Libor rate.

Mr Hayes denies all eight charges of conspiracy to defraud.

Emma Simpson reports from Southwark Crown Court.