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Financial Services Authority

Regulators Didn't Even Know What Libor Was

The Huffington Post | Eleazar David Melendez | Posted 03.05.2013 | Business

Banking regulators in the United Kingdom did not fully understand how the global interest rate-setting system worked back in 2008, even as they were b...

UBS To Pay $1.5 Billion To Settle Libor Charges

Reuters | Katharina Bart and Tom Miles | Posted 01.23.2014 | Business

ZURICH Dec 19 (Reuters) - Swiss bank UBS was hit with a $1.5 billion bill and admitted to fraud on Wednesday in order to settle charges of manipulat...

HSBC's $2 Billion Fine 'Trivial'

Reuters | Carrick Mollenkamp and Brett Wolf | Posted 12.17.2012 | Business

(Reuters) - HSBC has agreed to pay a record $1.92 billion fine to settle a multi-year probe by U.S. prosecutors, who accused Europe's biggest bank of ...

Rogue Trader's Bank Fined For Allowing Him To Screw Up

AP | Posted 01.25.2013 | Business

LONDON (AP) — Britain's financial regulator has fined UBS AG for failures which allowed a rogue trader to lose $2.3 billion in the country's biggest...

British Regulator: Libor No Longer 'Fit For Purpose'

Reuters | Posted 10.09.2012 | Business

* Alternatives to Libor to be found for some contracts * Regulation could extend to other benchmarks * Wheatley says BBA...

Bank CEO: We're Going To Have Libor 'Spotlight' On Us Too

Reuters | Posted 09.28.2012 | Business

LONDON, July 29 (Reuters) - British bank RBS is braced to be punished over its role in the interest-rate rigging scandal that has rocked the industr...

New Investigation, More Lawsuits, $6.3 Billion Profit

Reuters | Posted 09.25.2012 | Business

* FSA investigating fee disclosures in 2008 capital raisings * More U.S. litigation starts over Libor scandal * Barclays...

Watchdog: It Would Have Been Too Expensive To Try And Spot Rate-Rigging

Reuters | Posted 09.23.2012 | Business

LONDON, July 24 (Reuters) - Trying to spot whether the Libor interest rate was being manipulated by tiny amounts would be "prohibitively expensive" ...

'London Whale' Has Left The Building

Reuters | Posted 09.12.2012 | Business

By Helen Bartholomew LONDON, July 13 (Reuters) - Bruno Iksil, the JPMorgan Chase & Co trader known as the "London Whal...

Bank Settles Lending Rate Manipulation Claims

Reuters | Posted 08.27.2012 | Business

* Largest fine ever imposed by CFTC, UK's FSA * Emails show traders asked for rates to be moved * U.S. g...

Goldman Sachs FINED $27 Million By U.K. Agency

AP | ROBERT BARR | Posted 05.25.2011 | Business

LONDON — Britain's financial regulator hit Goldman Sachs International with a 17.5 million pounds ($27 million) fine on Thursday for failing to noti...

Oil Broker And Drunk Trading: Steve Perkins BANNED From Financial Services For Five Years

msn.com | Posted 05.25.2011 | Business

LONDON -- Britain's financial regulator has fined and banned a former broker for manipulating oil prices by buying more than 7 million barrels while o...

RBS ATM Withdrawals Were Monitored Hourly During Banking Crisis

The Guardian | Jill Treanor | Posted 05.25.2011 | Business

City watchdogs were monitoring cash withdrawals from Royal Bank of Scotland every hour during the height of the banking crisis, the Guardian can revea...