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Libor Rigging

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Institutional FX

Scapegoat or Guilty? Connolly's $150 Million Battle against Deutsche Bank

  • Connolly accuses the bank of malicious prosecution, making him a scapegoat.
  • His case could establish an important precedent in the world of big finance.
Wednesday, 01/11/2023 | 09:11 GMT by Damian Chmiel
Institutional FX

Refinitiv Introduces Alternative Benchmark to Soon-Defunct Libor

  • The news comes as the scandal-ridden LIBOR is set to retire at the end of 2021.
Tuesday, 21/07/2020 | 15:13 GMT by Aziz Abdel-Qader
Institutional FX

Ex-Barclays Traders Fined £1.2 Million for Libor Scheme

  • The men have contested the amount of money that the SFO is seeking to satisfy their confiscation order.
Thursday, 05/03/2020 | 19:13 GMT by Aziz Abdel-Qader
Regulation

Ex-Barclays Traders Challenge SFO’s Fine Judgment in Libor Case

  • Carlo Palombo and Colin Bermingham were sentenced over allegations they plotted with a cartel in the euro swaps markets.
Monday, 16/12/2019 | 21:47 GMT by Aziz Abdel-Qader
Regulation

ICAP Libor Fine Scrapped by EU Court

  • The European Commission was appealing a similar decision made against it in 2017
Wednesday, 10/07/2019 | 13:14 GMT by David Kimberley
Regulation

Ex-Deutsche Bank Exec Walks Free After Cleared in Libor Trial

  • The case included Christian Bittar, a former star trader at Deutsche who has already been convicted alongside Barclays traders.
Thursday, 04/07/2019 | 15:43 GMT by Aziz Abdel-Qader
Regulation

FCA Bans Former RP Martin Broker Terry Farr over Libor

  • Back in 2016, however, a London jury acquitted Farr and five former brokers of trying to rig the JPY libor rate.
Wednesday, 29/05/2019 | 22:22 GMT by Aziz Abdel-Qader
Regulation

Global Banks Hit by EU Antitrust Fines on FX Abuses

  • While the EU’s investigation has lagged behind, other regulators imposed up to $10 billion in penalties.
Thursday, 09/05/2019 | 20:02 GMT by Aziz Abdel-Qader
Regulation

Societe Generale to Pay €1.2 Billion in Penalties to US Authorities

  • The bank expects to settle its international sanction violations in the coming weeks.
Monday, 03/09/2018 | 20:46 GMT by Celeste Skinner
Regulation

US Authorities Fine Société Générale $475 million for Libor Rigging

  • SocGen’s managers reported false lower ‎rates that were used to set the Euro and ‎U.S. dollar Libor‎.
Monday, 04/06/2018 | 21:06 GMT by Aziz Abdel-Qader
Regulation

Ex-Barclays Trader Calls UK Appeal Court to Set Aside Libor Convictions

  • Pabon's appeal hinges on claims that evidence given by the SFO's expert witness Saul Rowe was unreliable.
Friday, 24/11/2017 | 21:19 GMT by Aziz Abdel-Qader
Regulation

Two Société Générale Employees Indicted for LIBOR Manipulation

  • The indictment displays the complexity of the operations involved.
Friday, 25/08/2017 | 06:35 GMT by Colin Firth
Regulation

Bank of England Implicated in Libor Fixing: BBC Panorama

  • The central bank of the UK has been pressuring libor rates during the great financial crisis.
Monday, 10/04/2017 | 18:54 GMT by Victor Golovtchenko
Regulation

Ex-Barclays Trader Faces $1m Fine and Jail Sentence for Currency Rigging

  • Jason Katz has pleaded guilty to price-fixing charges and has been banned from the banking industry.
Friday, 06/01/2017 | 07:17 GMT by Finance Magnates Staff
Regulation

Swiss COMCO Reaches $96 million Settlement with Seven Banks over Libor Rigging

  • The investigation continues into the roles of BNP Paribas, Credit Agricole, HSBC, JPMorgan and Rabobank in the Euribor market.
Wednesday, 21/12/2016 | 16:37 GMT by Aziz Abdel-Qader
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