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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 Greenwich Associates |
December 11, 2012
The European fixed-income market is undergoing a radical transformation as major banks adjust their business models to new regulations and strict new capital requirements.
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By Lindsay Fortado, Bloomberg |
December 3, 2012
UBS AG, Switzerland’s biggest lender, is close to agreements with U.S. and U.K. regulators to pay more than 290 million pounds ($466 million) in fines over allegations traders tried to rig global interest rates.
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By Daniel P. Collins |
December 1, 2012
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By Philip McBride Johnson |
November 29, 2012
They call it a "civil monetary penalty" or a "fine," but those terms seem hollow when a financial firm itself is whacked for millions of dollars by regulators ... Who does this hurt? Management does not pay
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By Kit Chellel, Bloomberg |
November 14, 2012
Barclays Plc must disclose the identities of Libor traders and employees that made submissions to set interest rates, after a ruling in the first U.K. lawsuit related to manipulation of the London interbank offered rate.
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By Lindsay Fortado, Bloomberg |
November 9, 2012
U.K. prosecutors are poised to arrest former traders and rate setters at UBS AG, Royal Bank of Scotland Group Plc and Barclays Plc within a month for questioning over their role in the Libor scandal.
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By Brian Wingfield |
October 31, 2012
A U.S. regulator says Barclays Plc should pay a record $435 million penalty and give up $34.9 million in profit for allegedly manipulating energy markets from late 2006 to 2008.
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By Daniel P. Collins |
October 1, 2012
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By Alanna Byrne |
September 28, 2012
A wrap-up of new products and services from around in the industry.
