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  • November 24, 2014
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Results 1 - 2 of 2 for mortgage fraud

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  1. Business - Banking & Finance - BANKING

    Monetary Authority investigates UBS over possible Hibor rate misconduct

    Posted Dec 21st 2012, 12:00am by Ray Chan

    ... mortgage borrowers in Hong Kong would have benefited from the interest-rate manipulation, and vice versa." He noted UBS was not the only bank involved in the interest-rate rigging scandal in the UK. The Hong Kong interbank lending rate serves as a benchmark for a range of products, including household mortgages and complicated financial derivatives. The rate is used in contracts ...

    http://www.scmp.com/business/banking-finance/article/1109439/monetary-authority-investigates-ubs-over-possible-hibor
  2. Business - Banking & Finance - REGULATION

    Royal Bank of Scotland fined US$612m for rate rigging

    Posted Feb 06th 2013, 09:45am by Enoch Yiu

    ... the commission said. RBS Securities Japan has agreed to enter a plea of guilty to one count of wire fraud relating to yen Libor, the British bank said. RBS chairman Philip Hampton said: "This ... rules in line with reforms elsewhere. Hibor, which is used to set rates for everything from mortgages to credit card and personal loans, is fixed at 11am every working day, based on quotations ...

    http://www.scmp.com/business/banking-finance/article/1144342/uks-rbs-braced-libor-rate-rigging-punishment

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