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By Liam Vaughan, Bloomberg |
April 2, 2013
The British Bankers’ Association, the lobby group that oversees Libor, said it will delay publishing banks’ individual submissions by three months in an effort to restore confidence in the benchmark rate.
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By Lindsay Fortado |
March 4, 2013
The U.K. finance regulator is facing lawmaker criticism that it missed warning signs on the rigging of benchmark interest rates for years.
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By Lindsay Fortado, Phil Mattingly and Silla Brush, Bloomberg |
December 19, 2012
UBS AG will pay about $1.5 billion and two former traders face prison as the bank settled charges with U.S. and U.K. authorities for manipulating interest rates in a global conspiracy to boost profits and bonuses.
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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 |
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 Gavin Finch, Andrea Tan and Liam Vaughan |
October 4, 2012
Royal Bank of Scotland reportedly suspended a trader for trying to rig the Singapore dollar swap offer rate.
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By Lindsay Fortado and Kitty Donaldson |
September 27, 2012
U.S. investigators conducting a criminal probe of interest-rate manipulation have asked their British counterparts for permission to interview London traders.
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By Lindsay Fortado and Kitty Donaldson, Bloomberg |
September 27, 2012
U.S. investigators conducting a criminal probe of interest-rate manipulation have asked their British counterparts for permission to interview London traders.
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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 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.
