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  • October 21, 2014
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  1. Business - Banking & Finance - FINANCE

    US regulator sues 15 banks, including HSBC, for rigging Libor benchmark

    Posted Mar 16th 2014, 05:54am by AFP

    ... Agence France-Presse in New York FDIC says interest rate manipulation caused 'substantial losses' to 38 now-closed lenders US regulator sues 15 banks for Libor rigging The US Federal Deposit Insurance Corporation (FDIC) has sued HSBC, Citigroup, Deutsche Bank and 12 other big global banks for manipulating the Libor benchmark interest rate. The manipulation caused ...

  2. Business - Banking & Finance

    3 Rabobank ex-traders charged with manipulation of yen Libor

    Posted Jan 14th 2014, 03:02pm by Reuters in Washington

    ... Reuters in Washington Three former traders at Dutch lender Rabobank were criminally charged on Monday with manipulating the yen Libor benchmark interest rate, the US Department of Justice ... could not be immediately reached for comment. The Libor rates that oil the wheels of global finance are an average rate at which a panel of banks say they could borrow money. The manipulation ...

  3. Business - Banking & Finance - BANKING

    EU fines five banks and a broker HK$18b for fixing Libor, other rates

    Posted Dec 04th 2013, 11:05pm by Reuters

    ... and Citigroup a record total of €1.71 billion (HK$18 billion) yesterday for rigging financial benchmarks. They include the London interbank offered rate (Libor), the Tokyo interbank offered rate ... are used to price hundreds of trillions of dollars in assets ranging from mortgages to derivatives. "What is shocking about the Libor and Euribor scandals is not only the manipulation ...

  4. Business - Banking & Finance

    More to be charged over Libor scandal

    Posted Oct 07th 2013, 12:00am by Reuters

    ... Reuters in London Chief fraud prosecutor says probe into rigging of interbank interest rate far from over More to be charged over Libor scandal Britain's leading prosecutor, the Serious Fraud Office, is poised to charge more individuals in connection with a global investigation into the Libor interest-rate-rigging scandal. To date, US and British authorities have charged ...

  5. Business - Banking & Finance - COMPLIANCE

    Libor case raises integrity issues

    Posted Sep 26th 2013, 01:13pm by Reuters

    ... Reuters in Dublin and London Evidence that interdealer brokers rigged the interbank numbers highlights the kind of pressure exerted on them by influential customers Libor case raises integrity issues Evidence that interdealer brokers at ICAP conspired to rig Libor for a bank trader raises questions over such firms' role as honest go-betweens among banks and highlights ...

  6. Business - Banking & Finance - BANKING

    NYSE Euronext to take over running of Libor

    Posted Jul 10th 2013, 12:00am by AP

    ... Associated Press in London Changeover to be completed next year seeksto restore confidence in scandal-hit lending rate NYSE Euronext to take over running of Libor The company behind the New York Stock Exchange will take over running and restoring confidence in the scandal-hit London interbank offered rate, or Libor, a British committee has ruled. The independent panel, set up ...

  7. Business - Banking & Finance - BANKING

    Ex-UBS, Citi trader Tom Hayes appears in court over Libor rigging

    Posted Jun 21st 2013, 12:00am by Reuters

    ... Reuters in London Ex-UBS, Citi trader incourt over Libor rigging Former UBS and Citigroup trader Tom Hayes appeared in a London court yesterday accused of conspiracy to defraud in connection with a global investigation into the Libor interest rate rigging scandal. Prosecutors allege he conspired with employees from banks- including HSBC, UBS, Citigroup, Deutsche Bank, JPMorgan ...

  8. Business - Banking & Finance - BANKING

    Barclays names new CEO to replace Bob Diamond, who quit over Libor scandal

    Posted Aug 30th 2012, 04:16pm by AFP

    ... (us$453 million, 369 million euros) after the bank admitted attempting to manipulate the Libor and Euribor rates between 2005 and 2009. However, the fallout risks becoming much wider, with analysts claiming that the lender could face massive lawsuits, since mortgage rates passed onto customers were influenced by Libor rates. Barclays had already announced that industry veteran David ...

  9. News - World

    UK Treasury-appointed committee: NYSE Euronext to be administrator of LIBOR interest rate

    Posted Jul 09th 2013, 07:55pm by AP

    ... LONDON (AP) — UK Treasury-appointed committee: NYSE Euronext to be administrator of LIBOR interest rate. ...

  10. Business - Banking & Finance - COURTS

    Another ex-Rabobank trader pleads guilty to Libor rigging

    Posted Aug 20th 2014, 01:34am by Reuters

    ... citizen who also submitted Rabobank's rates used to calculate the yen Libor, conspired to manipulate the submissions to benefit trading positions between 2006 and 2011, the US Department ... of the fraud was massive, but the scheme was simple. By illegally influencing the Libor rates, Robson and his co-conspirators rigged the markets to ensure their trades made money," said Leslie ...




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