Tullett Prebon brought into Libor fixing investigation

Terry Smith’s inter-dealer broker, Tullett Prebon, has been roped into the City regulator's investigation of the Libor rigging scandal. The company, which specialises in bringing together large institutional buyers and sellers, said it had been asked to provide information to the Financial Conduct Authority, but insisted that none of its brokers was under investigation.

The disclosure came in court papers linked to proceedings against the former UBS trader Tom Hayes. Tullett said it was "cooperating fully" with the requests from the regulator.

Mr Hayes, who is 33 and from Surrey, was one of the three individuals arrested on 11 December by officers from the Serious Fraud Office and City of London Police.

The Libor scandal has led to huge fines for Barclays, UBS and Royal Bank of Scotland.