Andrew Tyrie

Barclays fined $44 Million for gold-fix failings

By Suzi Ring, Bloomberg | May 23, 2014

Barclays Plc was fined 26 million pounds ($44 million) by Britain’s markets regulator after a trader was found to have manipulated the price of gold in 2012.

Secret currency traders’ club devised biggest market’s rates

By Liam Vaughan, Gavin Finch and Bob Ivry, Bloomberg | December 19, 2013

Regulators are examining evidence that a small group of senior forex traders at big banks had something else on their screens: Details of each other’s client orders. Sharing that information may have helped dealers at firms manipulate prices to maximize their own profits.

U.K. lawmakers challenge regulator on banks’ prop trading

By Ben Moshinsky | April 2, 2013

The U.K.’s new banking regulator must explain to a panel of British lawmakers how it will restrict lenders’ proprietary trading.

Former UBS investment bank head says he was negligent on Libor

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.

U.K. lawmakers seek speedy overhaul of Libor following review

By Ben Moshinsky and Lindsay Fortado, Bloomberg | September 28, 2012

Proposals to overhaul Libor, including enhanced powers for U.K. regulators to prosecute rate rigging, may be enacted early next year in a bid to revive confidence in the scandal-ridden benchmark and banking industry.

Libor criminal probe in U.K. starts as U.S. readies indictments

By Greg Farrell and Lindsay Fortado | July 26, 2012

The U.S. Justice Department is preparing to file charges this fall against traders from several banks in the global probe of interest rate-rigging.

Diamond accused of misleading lawmakers after FSA chief’s letter

By Kevin Crowley, Howard Mustoe and Robert Hutton, Bloomberg | July 10, 2012

Barclays Plc Chief Executive Officer Robert Diamond was accused of misleading U.K. lawmakers after a letter from the Financial Services Authority emerged, contradicting his claim regulators were “happy” with the bank.

Barclays Chairman Agius resigns following record Libor fine

By Howard Mustoe, Bloomberg | July 2, 2012

Barclays Plc Chairman Marcus Agius resigned after the bank was fined a record $455 million for trying to rig interest rates.

Cameron presses Barclays’s Diamond with call for accountability

By Kitty Donaldson and Robert Hutton, Bloomberg | June 28, 2012

Barclays Plc Chief Executive Officer Robert Diamond was urged by U.K. Prime Minister David Cameron to show accountability after the bank was fined $451 million for attempting to manipulate the inter-bank lending rate, known as Libor.

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