Libor

Ben Bernanke suggests fraud in Libor interest rate

101 days ago

The Libor scandal has further eroded confidence in big banks, the integrity of the financial system and even Bernanke and the Fed, lawmakers said Tuesday.

Record fine on Barclays renews bank debate

101 days ago

Banks must not attempt to influence LIBOR or other indices," Chairman Gary Gensler said in a statement announcing the CFTC's $200 million settlement.

U.S. penalizes British bank for market-fixing, internal messages reveal scheme

101 days ago

In Wednesday's case, RBS was charged with manipulating the process of setting the LIBOR rate for loans denominated in the Japanese yen and the Swiss franc.

Fines set to be levied against RBS in rate scandal

101 days ago

Vince Cable's remarks to the BBC came as the Royal Bank of Scotland braced for fines for its role in the manipulation of LIBOR, a key interest rate which affects trillions of dollars' worth of...

UK judge rejects Barclays' LIBOR anonymity bid

114 days ago

Barclays has admitted that employees, sometimes directed by senior executives, submitted false rates used for calculating the London interbank offered rate.

Watchdog: Fannie, Freddie may have lost over $3B

150 days ago

Swiss bank UBS agreed Wednesday to pay $1.5 billion in fines and became the second bank fined for trying to manipulate LIBOR, used to price trillions of dollars in contracts including mortgages.

News Summary: UBS to pay $1.5B over LIBOR probe

150 days ago

THE RATE: The rate in question, the London Interbank Offered Rate, or LIBOR, is used to price trillions of dollars in contracts worldwide, including mortgages and credit cards.

UBS to pay $1.5 billion over interest rate rigging

150 days ago

Attorney General Eric Holder says UBS Securities Japan Co. Ltd., will plead guilty to felony wire fraud and admit to attempting to manipulate the London Interbank Offered Rate.

By their chat, UBS employees exposed their scam

150 days ago

In return, the trader promised to make financial transactions that would net the broker commissions:"If you keep (the six-month Japanese yen LIBOR rate) unchanged today ...