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LIBOR Conspirator Tom Hayes Ordered to Pay £878k Fine
- Tom Hayes was given a confiscation order of £878k for LIBOR manipulation
Wednesday, 23/03/2016 | 14:49 GMT by
Jeff Patterson
Barclays Agrees to Huge Libor-Related Settlement
- Another group of organizations that suffered the fallout of Libor rigging has won against the UK bank
Friday, 13/11/2015 | 22:29 GMT by
Irina Slav
10 Bankers Face Court Over Euribor Rate Rigging
- After the huge Libor-related settlements and fines, regulators are focusing on Euribor-rigging allegations
Friday, 13/11/2015 | 17:48 GMT by
Irina Slav
Next Rabobank Trader Due in Court over Libor Affair
- Paul Thompson is one of seven former Rabobank traders implicated in the wrongdoing.
Tuesday, 27/10/2015 | 10:44 GMT by
Irina Slav
Reforming Interest Rate Benchmarks: How Are We Progressing?
- The latest report reveals that progress is being made in the quest to clean up major interest rate benchmarks following fixing scandals.
Thursday, 09/07/2015 | 20:03 GMT by
Andy Traveller
EU Leaders in Favour of European Commission’s Proposals on Libor and Financial Benchmarks
- The European Council, an EU institution of heads of states has commended the measures taken by the European Commission in its proposals to enhance confidence in the system following recent scandals involving major banks.
Friday, 13/02/2015 | 19:14 GMT by
Adil Siddiqui
Deutsche Bank Reports Mixed Bag of Quarterly Results: Spends Almost €900 Million on Litigation
- Deutsche Bank's Q3 results fall short of investor expectations partly due to mounting litigation expenses. Top banks want to ring-fence their exposure but regulatory penalizations continue to sprout in most asset classes.
Wednesday, 29/10/2014 | 08:55 GMT by
George Tchetvertakov
Two Former Rabobank Employees Charged for Libor Rates Manipulation
- US Department of Justice has charged two former traders at Dutch bank, Rabobank. The two were found guilty of their role in the manipulation of Libor rates, a total of six former workers at the bank have been charged.
Thursday, 16/10/2014 | 18:59 GMT by
Adil Siddiqui
JP Morgan & Citigroup Report Increased Legal Costs in 3rd Quarter - Regulations Matter
- Two of the world’s largest banking institutes, JP Morgan and Citi have reported third quarter earnings. The banks saw an increase in the value spent on legal costs, the two reported upto $1 billion in expenses.
Tuesday, 14/10/2014 | 23:13 GMT by
Adil Siddiqui
U.S. Department of Justice Fixes Charges for Banks Allegedly Rigging FX Fixings
- Escalating foreign exchange fixing manipulation investigations are likely to bring yet another challenge to the slowly recovering banking industry, after the escalation of the fixing scandal last year.
Thursday, 09/10/2014 | 00:55 GMT by
Victor Golovtchenko
UK Treasury Plans to Criminalise All Benchmark Fixing LIBOR-Led by Example
- After the horse has already bolted, the UK Treasury begins a consultation into closing the barn door.
Wednesday, 01/10/2014 | 13:30 GMT by
George Tchetvertakov
Lloyds Axes Eight Employees, Slashes Bonuses as Libor Wounds Remain Fresh
- The Libor specter has once again returned to Lloyds Banking Group Plc, culminating in the dismissal of eight employees and a dramatic reduction of bonuses after the FCA found that seven managers were guilty of misconduct.
Tuesday, 30/09/2014 | 06:02 GMT by
Jeff Patterson
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