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By Josiane Kremer, Bloomberg |
January 18, 2013
Norway’s financial regulator and central bank have received e-mails since 2010 from bankers outside the country alleging that interbank lending rates were being rigged.
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By Gavin Finch, Lindsay Fortado and Liam Vaughan |
January 14, 2013
Royal Bank of Scotland may face as much as a 500 million pound ($804 million) fine next week to settle allegations traders tried to rig interest rates.
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By Kit Chellel, Bloomberg |
January 14, 2013
An Indian property developer suing Deutsche Bank AG over an interest-rate swap agreement told a U.K. judge it wants to add accusations to the lawsuit that the lender manipulated the London interbank offered rate.
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By Ben Moshinsky, Bloomberg |
January 11, 2013
As part of an effort to restore trust in the scandal-hit Euribor interest rate, regulators said the number of maturities that make up the benchmark for trillions of euros of lending should be cut from 15 to seven.
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By Elena Logutenkova, Bloomberg |
January 10, 2013
Jerker Johansson, a former head of UBS AG’s investment bank, said his unawareness of rigging of global interest rates at the biggest Swiss bank was a failure and negligent.
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By Katie Linsell, Bloomberg |
January 8, 2013
Euribor, the base rate for trillions of euros of lending, may face an exodus of contributors after Rabobank Groep’s departure, according to the banking lobby that administers the scandal-hit benchmark.
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By Cheyenne Hopkins, Bloomberg |
December 20, 2012
Senior U.S. lawmakers from both parties are seeking more criminal prosecutions for executives tied to financial-industry wrongdoing as the government reaches billion-dollar settlements with UBS AG and HSBC Holdings Plc.
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By Lindsay Fortado, Phil Mattingly and Silla Brush, Bloomberg |
December 19, 2012
UBS AG will pay about $1.5 billion and two former traders face prison as the bank settled charges with U.S. and U.K. authorities for manipulating interest rates in a global conspiracy to boost profits and bonuses.
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By Lindsay Fortado, Gavin Finch and Liam Vaughan, Bloomberg |
December 19, 2012
UBS AG’s $1.5 billion fine for rigging global interest rates expands the scandal to include bribery and highlights the influence of a trader in Tokyo who colluded with other banks to align their submissions.
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By Nicholas Comfort and Annette Weisbach, Bloomberg |
December 14, 2012
Deutsche Bank AG’s announcement yesterday that earnings will suffer this quarter added to a cacophony of negative news over the past two weeks that’s increasing pressure on the company’s new leadership.
