You Searched For "Libor" and got 20 results
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5 mins read
The LIBOR is a global interest rate that affects the rates of many loans and investments. Here's how it's set, and why it's slated to end
The LIBOR, short for London Interbank Offered Rate, is a fluctuating short-term interest rate that …
Karen Fernandez
3 mins read
The ex-trader convicted of rigging LIBOR says there were 6 'deficient' areas in his trial
"This year my son started school, and I continue to watch from the sidelines as he grows up into a …
Lianna Brinded
1 min read
4 ex-Barclays traders were sentenced to years in prison for Libor-rigging
The sentences come four years after Barclays became the first of 11 powerful banks and brokerages t…
2 mins read
Britain's regulator banned an ex-Deutsche Bank trader for LIBOR fraud
The FCA confirmed this in the statement and said "these requests were made to benefit the trading p…
Lianna Brinded
3 mins read
Volkswagen's emissions crisis could be Germany's version of the LIBOR scandal
For me, this looks uncannily like the Libor-rigging scandal in the banks. Barclays was the first to…
Mike Bird
2 mins read
Ex-Barclays traders are using bullying as a defence in a LIBOR rigging trial
Similar allegations have already been reported by multiple newspapers including the Daily Mail and …
Oscar Williams-Grut
2 mins read
City trader Tom Hayes found guilty of rigging Libor
LIBOR - or the London interbank offered rate - is the daily measure is meant to show the rate at wh…
Ben Moshinsky
3 mins read
The UBS trader accused of fixing LIBOR was nicknamed 'The Rainman'
Hayes is accused of rigging LIBOR - the London Interbank Offered Rate. The daily measure is meant t…
Oscar Williams-Grut
4 mins read
Court documents claim a senior Bank of England official knew about LIBOR rigging as early as 2007
"I was asked to a meeting with Paul Tucker . . . there was considerable debate about the effects on…
Will Martin
3 mins read
Ex-trader convicted of rigging LIBOR claims authorities had a 'lack of understanding' and a 'flawed case'
He is not the only convicted former LIBOR trader to hit out at the SFO and FCA, with Julie Pabon, t…
Will Martin
3 mins read
Jailed Libor trader Tom Hayes is crowdfunding to raise £150,000 to appeal his conviction
However, Hayes has consistently argued that he has been held up as a scapegoat, and has made severa…
Will Martin
2 mins read
Brokers called 'Big Nose' and 'Lord Libor' are being accused of rigging rates
The Serious Fraud Office charged the men with a total of five counts of conspiracy to defraud by tr…
Lianna Brinded
1 min read
'What's it worth?': Read the Bloomberg chats that got a former RBS Libor trader banned for life
Mark Steward, director of enforcement and market oversight at the FCA said: "By allowing his submis…
Ben Moshinsky
2 mins read
'Lord Libor' and four other ex-brokers were found not guilty of helping to rig interest rates
The decision is a blow to the Serious Fraud Office, who charged the men with a total of five counts…
Ben Moshinsky
2 mins read
Regulators Blame Libor Fixing On The Sex, Drugs, And Lavish Perks Of London Banking
A broader probe into the entertainment of trading clients by other brokers at Tradition, majority-o…
Linette Lopez
1 min read
The former UBS trader jailed for LIBOR rigging has had an appeal against his conviction rejected
However, the judges, who presided over a two day hearing, decided that Hayes' original sentence was…
Will Martin
1 min read
8 Cringeworthy IM Conversations That Traders Had About Fixing LIBOR
RBS is the latest bank to have all its dirty laundry aired in the Libor scandal that rocked banks a…
Linette Lopez
1 min read
RBS Trader Compared Himself To The 'Whores Drawers' In Conversation About Fixing LIBOR
Reuters reports that RBS faces fines of up to $627 million for rigging the London Interbank Offerin…
Linette Lopez
2 mins read
EU To Fine Banks $2.3 Billion For Benchmark Rigging
Unlike the six banks which admitted liability in return for a 10 percent reduction in their fines, …
Foo Yun Chee, Reuters
8 mins read
Hundreds of businesses are trying to figure out whether UK banks defrauded them via LIBOR manipulation
LIBOR - the "London Interbank Offered Rate" - is a measure of the average interest rate banks are w…