Libor Rate Rigging Case
The Libor is an average interest rate calculated through submissions of interest rates by major banks in London. The case arose when it was discovered that banks were falsely inflating or deflating their rates so as to profit from trades, or to give the impression that they were more creditworthy than they were
43 articles
16/08/16
Former Barclays bankers Jonathan Mathew, Alex Pabon and Jay Merchant have applied to appeal their convictions for Libor-rigging offences, which were handed...
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09/08/16
Barclays bank has paid a further $100m (£77m) to settle a claim by 44 US states that it rigged The Libor rate system between 2005 and 2009.
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08/08/16
Barclays has agreed to a 100 million US dollar (£76.7 million) settlement with 44 American states over charges that it manipulated the Libor interest rate.
08/07/16
A London court has sentenced four former bankers to prison. They manipulated the interest rate libor, that regulates transactions in the millions.
08/07/16
Four City traders have been ordered to serve jail sentences after being convicted of rigging The Libor rate.
Jay Merchant was sentenced to six-and-a-half...
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07/07/16
The U.K.’s Serious fraud Office is seeking a retrial of two former Barclays employees charged with conspiracy to defraud in relation to the manipulation of...
05/07/16
Three former Barclays employees have been found guilty of rigging The Libor interest rate between 2005 and 2007.
08/04/16
A former Barclays banker charged with conspiracy to defraud says he was obeying his boss, without knowing it was wrong
05/04/16
Former Barclays employees accused of manipulating Libor interest rate
23/03/16
Former trader jailed for conspiracy to defraud for his role in manipulating the Libor rate has been ordered to pay £878,806 in a proceeds of crime hearing.
16/03/16
Former trader convicted of rigging the Libor rate in court to attend hearing on whether his assets should be confiscated under the proceeds of crime act
08/03/16
A former UBS and Citigroup trader convicted of conspiracy to defraud had his application to appeal to the Supreme Court refused
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27/01/16
Five city brokers accused of helping to rig a key lending rate used between banks have been cleared
13/01/16
Six former brokers assisted in rigging Libor interest rates a court has heard
21/12/15
Ex city trader has jail sentence cut to 11 years for rigging Libor interest rates
21/12/15
Former city trader has jail sentence cut for rigging global Libor interest rates
01/12/15
A court of appeal has heard that an ex-derivatives trader in jail for conspiracy to rig Libor was denied a fair trial
05/11/15
Two former Rabobank traders were found guilty of fraud on Thursday in the first U.S. trial arising from a global investigation into whether banks sought to...
12/10/15
Two former Rabobank [RABO.UL] traders from Britain are set to become the first defendants to face trial in the United States on charges stemming from a global...
12/10/15
Two British bankers to stand trial in the US over allegations of Libor interest rate rigging.
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07/10/15
Danny Wilkinson, a former London manager at interdealer broker ICAP, was so keen to help Tom Hayes from his first day as a UBS trader he changed the shifts of...
06/10/15
Six former interdealer brokers with nicknames such as "big nose" and "Lord Libor" were rewarded with Kickbacks and bribes for "...
30/09/15
Three former Barclays Plc traders facing U.K. charges that they conspired to manipulate Libor may pursue a U.S. lawsuit seeking to force the bank to keep...
15/09/15
Tom Hayes, the first trader convicted by a jury of manipulating Libor benchmark interest rates, has until the end of September to lodge final grounds for...
25/07/15
Germany's financial watchdog BaFin has cleared Deutsche Bank's (DBKGn.DE) former co-chief executive Anshu Jain of lying to the Bundesbank during...
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13/07/15
Tom Hayes, the ex-trader charged with manipulating Libor, told a London court on Monday he had been near-suicidal when he initially agreed to cooperate with...
10/07/15
Tom Hayes, the ex-trader on trial on interest rate-rigging charges, broke down in tears in a London court on Friday as he told the jury he had done nothing...
09/07/15
Tom Hayes, the former trader on trial over rate-rigging charges, denied on Thursday that fake trades he had performed to generate commissions for brokers...
03/07/15
Tom Hayes, a former trader on trial in London on Libor-rigging charges, said he must have been either stupid or untroubled by his business practices because he...
19/06/15
Tom Hayes, the former star trader on trial for alleged Libor-rigging, tried to build up relationships at Citigroup (C.N) soon after joining from UBS (UBSG.VX...
17/06/15
Tom Hayes, the British trader on trial in London on Libor interest rate rigging charges, just wanted to do a "really good job", according to evidence...
11/06/15
The former boss of Tom Hayes asked a colleague at his employer UBS (UBSG.VX) to ensure the Swiss-based bank kept Libor interest rates high in 2007, Southwark...
05/06/15
Evidence disclosed on Friday at the trial of a former trader accused of rigging Libor interest rates showed the trade body in charge of the benchmark rates and...
03/06/15
Tom Hayes, the first trader to face a jury trial over alleged Libor rate-rigging offences, told British investigators brokers in other firms became "a...
02/06/15
Tom Hayes, the first trader to stand trial on alleged Libor rigging charges, was called by Merrill Lynch and Deutsche Bank (DBKGn.DE) about possible job offers...
01/06/15
Tom Hayes, an ex-trader on trial in London for allegedly conspiring to rig benchmark interest rates, at first agreed to plead guilty but later changed his mind...
28/05/15
Tom Hayes, a former trader charged with conspiring to rig benchmark interest rates, had become such a powerful player in 2008 that Goldman Sachs (GS.N) tried...
27/05/15
Tom Hayes, a former trader accused of conspiring to rig benchmark interest rates, abandoned an attempt to coax his step brother into aiding his alleged scam...
20/05/15
UBS (UBSG.VX) said on Wednesday it has settled a probe by U.S. authorities over alleged rigging of currency markets by agreeing to pay $545 million (351...
The UK Financial Services Authority FCA has banned a former trader at Rabobank because of his involvement in the fraud to the interbank rate Libor.
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Deutsche Bank fined £1.7bn for its role in a vast multi-year conspiracy to rig LIBOR interest rates
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Deutsche Bank fined £1.7bn by UK regulator for rigging Libor rates over a period of five years to 2010.
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U.S. and British regulators fined Deutsche Bank (DBKGn.DE) $2.5 billion (1.67 billion pounds) and its British subsidiary pleaded guilty to criminal wire fraud
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