Barclays' finance chief is investigated as the Libor scandal widens. David Weidner has details, and insights into what Treasury Secretary Geithner's testimony says about who is really to blame in ...
The investigation centres on the period 2006-2008 just before and during the financial crisis and is looking to see if banks manipulated Libor to hide the truth about their finances and to boost ...
Both worked for Dutch lender Rabobank. The Libor scandal blew up in 2012 when it emerged that banks had been lying in the figures on which Libor was set. The Libor rate is a key figure in setting ...
“In fact, it was not just LIBOR, but other rates like the Tokyo Interbank rates that were also manipulated.” In the wake of the LIBOR rigging scandal, dishing out such punishments was the easy part.
A former RBS trader has been banned from working in finance and fined £250,000 by the Financial Conduct Authority (FCA) for his role in the Libor rigging scandal. Neil Danziger, a former interest rate ...
The draft regulation proposes moving oversight of the scandal-hit benchmark from London to the European Securities and Markets Authority (ESMA). Libor is used to price trillions of pounds worth of ...
The Libor scandal led to banks paying big fines. Traders like Hayes argue they were scapegoated.
The rate affects more than $300tn of securities worldwide. Since the scandal the BBA have given up their role as administrators of the rate. An independent review recommended a new administrator, NYSE ...