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By Gavin Finch and Liam Vaughan, Bloomberg |
September 26, 2012
The British Bankers’ Association signaled it will give up oversight of the London interbank offered rate following claims traders manipulated the benchmark.
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By Andrea Tan, Gavin Finch and Liam Vaughan, Bloomberg |
September 26, 2012
Royal Bank of Scotland Group Plc trader Tan Chi Min told colleagues the firm was able to move global interest rates, according to court filings.
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By Ginger Szala |
September 26, 2012
August volume for CME Group compared to the same period last year was down by 40%. That’s not a statistic that sits well with an industry that has grown, almost non-stop, for a few decades.
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By Liam Vaughan, Gavin Finch and Andrea Tan, Bloomberg |
September 25, 2012
Royal Bank of Scotland Group Plc managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing extended beyond the four traders the bank has fired.
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By Ben Moshinsky and Jim Brunsden, Bloomberg |
September 24, 2012
European Union lawmakers should enact tougher punishments for market abusers, including jail time, by the end of the year in response to the Libor scandal, the bloc’s financial-services chief said.
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By Joshua Gallu |
September 19, 2012
A group of regulators says the same lack of oversight that enabled traders to manipulate the London interbank offered rate plagues other benchmarks.
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By Seonjin Cha |
August 22, 2012
South Korea chose a new benchmark rate for bank lending amid an antitrust agency investigation into rigging of the Libor.
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By Liam Vaughan, Bloomberg |
August 21, 2012
Every two months, representatives from the world’s largest banks meet at an undisclosed location to review the London interbank offered rate.
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By David McLaughlin, Bloomberg |
August 15, 2012
JPMorgan Chase & Co. and Barclays Plc are among seven banks subpoenaed in New York and Connecticut’s investigation into alleged manipulation of Libor, Bloomberg reports.
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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.
