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Libor 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...

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...

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...

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...

Libor's Latest Victim: Employee Bonuses

Reuters | Posted 03.13.2013 | Business

LONDON, Jan 11 (Reuters) - Royal Bank of Scotland is preparing to slash bonuses for its investment bankers this year to help pay fines for its role ...

Bank Made Huge Profit On Libor During Crisis: Report

The Huffington Post | Mark Gongloff | Posted 01.10.2013 | Business

Back in 2008, when financial markets were chaotic and unpredictable, at least one large bank managed to turn a hefty profit with finely-tuned bets on ...

Banks and Persons

Christopher Brauchli | Posted 02.20.2013 | Business
Christopher Brauchli

It was just an unfortunate coincidence that the reports were almost juxtaposed -- the reports of the punishment given Stephanie George and that given HSBC and UBS. Stephanie, of course, was not the first.

Stinks To Be UBS Right Now

Reuters | Posted 02.14.2013 | Business

* UBS already predicted Q4 loss over investment bank restructure * Chairman Axel Weber involved in trying to prevent conviction ...

Bank Admits Criminal Wrongdoing Over Libor

Reuters | Posted 02.13.2013 | Business

By Katharina Bart and Huw Jones ZURICH/LONDON, Dec 14 (Reuters) - UBS will admit to criminal wrongdoing by its Japanese arm, where one...

Look What Market Is Getting Manipulated Now

The Huffington Post | Mark Gongloff | Posted 12.10.2012 | 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...

Bank Could Get Fined Twice For Libor Rigging

Reuters | Posted 11.25.2012 | Business

LONDON (Reuters) - Royal Bank of Scotland is facing the increasing likelihood of having to settle separately with the UK and U.S. authorities investig...

Senators To Tim Geithner: You've Done Nothing To 'Diminish' Libor Rigging

Reuters | Posted 01.14.2013 | Business

By Douwe Miedema LONDON, Nov 14 (Reuters) - Two Republican senators said on Wednesday they would block the confirmation of the head of...

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...

Geithner Slammed Over Libor

Reuters | Posted 12.02.2012 | Business

* Geithner knew Libor issues in 2008 * U.S. agencies already investigating banks and Libor By Sarah N. Lynch and Alexand...

Libor Fraud Is Hilarious, Traders Say

The Huffington Post | Mark Gongloff | Posted 09.26.2012 | Business

Libor is a joke. Don't get me wrong, the London Interbank Offered Rate, or Libor, is deadly serious business, affecting $350 trillion in derivative...

Major U.S. Regulator On Libor: 'It Is Time For A New Or Revised Benchmark'

Reuters | Posted 11.24.2012 | Business

* U.S. derivatives watchdog says change or drop benchmark * CFTC head urges use of real rates, not estimates for benchmark ...

'We Want More'

Reuters | Posted 11.24.2012 | Business

* EU regulation and antitrust chiefs to appear in parliament * U.S. derivatives regulator Gensler also to testify * IOSC...

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...

Central Bankers Won't Solve Huge Financial Scandal In One Weekend, Official Says

Reuters | Posted 11.07.2012 | Business

* Basel talks to start looking at Libor after rigging scandal * Carney says decisions will have to await Wheatley report ...

Libor Scandal's Potential Costs Quietly Exploding

The Huffington Post | Mark Gongloff | Posted 08.27.2012 | Business

Funny thing about the Libor scandal: Even when there doesn't seem to be a lot going on, the cost to banks just keeps on rising. The latest estimate...

WATCH: Reich Says Libor Scandal Shows How Easily Banks Can Cheat

Posted 08.22.2012 | Business

The Libor scandal is just another example of why big banks need to be broken up, according to Robert Reich. In an appearance on HuffPost Live Wedn...

JPMorgan, Six Other Banks Subpoenaed Over Libor Scandal

AP | MICHAEL VIRTANEN | Posted 08.16.2012 | Business

ALBANY, N.Y. -- The attorneys general of New York and Connecticut have issued subpoenas to seven banks over the possible manipulation of a global inte...

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...