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By Gavin Finch, Lindsay Fortado and Silla Brush, Bloomberg |
February 6, 2013
Royal Bank of Scotland Group Plc, Britain’s biggest publicly owned lender, will pay about $612 million in fines for manipulating interest rates, the second- largest penalty imposed in a global regulatory probe.
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By Futures Staff |
February 1, 2013
In a year dominated by crises — both natural and political — squeezing our annual list of largest influencers down to 20 was difficult. One thing this year highlighted was that money and power trump all as we learned that — at least in the banking world — there are...
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By Futures Staff |
February 1, 2013
Stormy in more ways than one, 2012 was a rough year. Here is our tongue-in-cheek look back over its defining events.
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By Michael McFarlin |
January 21, 2013
Edelman recently released their annual Trust Barometer report, and for the third year in a row banks and financial services placed in the bottom two spots. In contrast, technology is the most trusted industry.
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By Kit Chellel, Bloomberg |
January 21, 2013
A group of Barclays Plc employees had a request to prevent their names from being published ahead of the U.K.’s first trial related to manipulation of the London interbank offered rate rejected by a judge today.
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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 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 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.
