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LIBOR Rate Rigging

UK Charges 3 Ex-Barclays Bankers In Libor Probe

AP | Posted 02.17.2014 | Business

LONDON (AP) — Britain's Serious Fraud Office is charging three former Barclays employees in a scandal related to the rigging of a key market interes...

Ex-Brokers Face Criminal Charges Over Libor Scandal

Reuters | Posted 11.25.2013 | Business

WASHINGTON, Sept 25 (Reuters) - Three former brokers at ICAP Plc, the world's biggest interdealer-broker, face criminal charges in the United States...

13 Banks Sued Over Libor Manipulation

Reuters | Karen Freifeld | Posted 11.24.2013 | Business

NEW YORK, Sept 23 (Reuters) - A U.S. credit union regulator on Wednesday sued 13 banks over alleged manipulation of LIBOR, claiming credit unions lost...

World Bank Whistleblower Reveals Massive Corruption

Kevin Lawton | Posted 05.29.2013 | Business
Kevin Lawton

You need to know about this woman! Former Senior Counsel to the World Bank, Karen Hudes, unleashed recent interviews that should shatter any remainin...

Report: Scandal-Plagued Libor Likely To Be Replaced

Reuters | Posted 05.13.2013 | Business

(Reuters) - A dual-track system, including survey-based lending rates along with transaction-linked indices, is likely to replace scandal-hit London i...

Mark Gongloff

Banks Win Big, Though Libor War Is Far From Over

HuffingtonPost.com | Mark Gongloff | Posted 04.01.2013 | Business

Banks have won a major legal battle against Libor lawsuits, though the war is far from over. Late on Friday, a federal judge dismissed Libor lawsui...

HUGE Win For Big Banks

Reuters | Nate Raymond | Posted 03.29.2013 | Business

NEW YORK (Reuters) - A judge on Friday dismissed a "substantial portion" of claims facing a number of banks in a barrage of lawsuits accusing them of ...

Freddie Mac Sues Banks Over Libor Losses

Reuters | Posted 03.19.2013 | Business

NEW YORK (Reuters) - Mortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark ...

Freddie Mac Sues Banks For Libor Losses

Bloomberg | Tom Schoenberg & Andrew Zajac | Posted 03.19.2013 | Business

Freddie Mac sued Bank of America Corp. (BAC), UBS AG, JPMorgan Chase & Co. (JPM) and at least 12 other banks over alleged manipulation of the London i...

RBS Faces Criminal Libor Charges

The Huffington Post | Mark Gongloff | Posted 01.29.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

The Libor Scandal Claims Its Latest Victim

Reuters | Posted 02.02.2013 | Business

* Settlement of rate rigging claims possible by yr-end * UBS says cooperating fully with investigations * UK rival Barcl...

Bankers' Rigging Cost Desperate Cities, States BILLIONS

The Huffington Post | Mark Gongloff | Posted 10.09.2012 | Business

If you think Libor fraud is a victimless crime, the muni-bond market has 6 billion reasons it begs to differ. States, cities and other municipal bo...

'RBS Would Love To Get It All Over And Done With'

Reuters | Posted 12.06.2012 | Business

* Deal now unlikely until late 2012/early 2013 - sources * Regulators at different stages of investigation - sources * B...

It's Not Just Libor That's Getting Rigged

Reuters | Posted 12.05.2012 | Business

* Trader Chong Wen Kuang suspended earlier in year - source * Suspension broadens scope of Libor investigation * RBS sai...

Libor Rate 'Needs A Complete Overhaul'

Reuters | Posted 11.28.2012 | Business

* FSA chief says Libor too embedded in system to be scrapped * Says longer term, participants should mull alternatives *...

TARP Watchdog Wants Libor Completely Out Of Bank Bailouts

The Huffington Post | Mark Gongloff | Posted 09.25.2012 | Business

The Treasury Department's bailout watchdog wants to stop using the flawed Libor rate in setting the terms of bank bailouts. Too bad she wasn't arou...

Secret Survey Reveals Rate Manipulation Is Widespread

The Huffington Post | Mark Gongloff | Posted 09.20.2012 | Business

Interest rates all over the world are mostly made up. That's the verdict of a new study by the International Organization of Securities Commissions...

Let's Settle This Little Bank Mess Discreetly, Please

The Huffington Post | Jillian Berman | Posted 08.10.2012 | Business

Thing One: Let's Settle This In Private: British officials are hoping they can convince Washington regulators to settle this whole U.K.-bank-launderin...

Mark Gongloff

JPMorgan Slammed With Libor Subpoenas

HuffingtonPost.com | Mark Gongloff | Posted 08.09.2012 | Business

Pretty much everybody in the world with subpoena power has hit JPMorgan Chase with requests for information in the Libor-rigging scandal. The bigge...

'Ginormous' Libor Scandal: Bank Sues 16 Others Over Rate-Rigging

The Huffington Post | Alexander Eichler | Posted 07.30.2012 | Business

The Libor lawsuits keep piling up. Last week, New York-based Berkshire Bank filed a class-action suit against the 16 banks responsible for setting ...

Elizabeth Warren: 'Libor Fraud Exposes Rot At The Core'

The Huffington Post | Alexander Eichler | Posted 07.20.2012 | Business

Elizabeth Warren jumped into a growing chorus decrying the massive Libor manipulation on Thursday with a scathing editorial in the Washington Post. ...

U.S. Banks Could Be Hit Hard By Rate-Rigging Scandal

Reuters | Posted 09.12.2012 | Business

* Suits harder and costlier to win in Britain * 2010 U.S. Supreme Court ruling crimped legal tourism By Chris Vellacott ...

Major Players Chalk Up Rate Scandal To Misunderstandings

Bloomberg View | Jonathan Weil | Posted 07.13.2012 | Business

From Bloomberg View: If we take Bob Diamond and Paul Tucker at their word, part of the Libor scandal at Barclays Plc (BARC) can be chalked up to ...

Banks May Pay Big Time To Settle Scandal

Reuters | Posted 09.11.2012 | Business

July 12 (Reuters) - A group of 11 global banks linked to the Libor scandal may face $14 billion in regulatory and legal settlement costs through 201...

Banks Rigging Key Interest Rate For Decades: Report

The Huffington Post | Bonnie Kavoussi | Posted 07.10.2012 | Business

Though the Libor scandal is just breaking now, some financial insiders claim that Wall Street's been fiddling with the key interest rate for decades. ...