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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 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, 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 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 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 Irene Frat |
October 23, 2012
Former Société Générale trader Jerome Kerviel will know tomorrow afternoon whether he can “get on with his life” or will sleep in jail, as the French Court of Appeal gives its verdict.
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By Joshua Gallu, Bloomberg |
September 27, 2012
Goldman Sachs Group Inc. will pay about $12 million to resolve U.S. regulatory claims that a former banker made improper campaign contributions to the state treasurer of Massachusetts while seeking underwriting business from his office.
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By Press Release |
August 16, 2012
The SEC announced fraud charges against former College Football Hall of Fame coach Jim Donnan conducted an $80 million Ponzi scheme that included other college coaches and former players among its victims.
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By Phil Mattingly, Bloomberg |
August 10, 2012
The U.S. Justice Department won’t pursue criminal charges against Goldman Sachs Group Inc. or its employees for allegedly concealing that the bank bet against mortgage-related securities that it sold to investors.
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By Lindsay Fortado and Ben Moshinsky, Bloomberg |
August 10, 2012
The U.K.’s chief markets regulator said that material changes to the way Libor is calculated risks invalidating millions of financial contracts, covering products ranging from mortgages to derivatives.
