BoE to map out move to Libor alternative in 2016

2015-10-28 13:52

The Bank of England will spell out next year how markets can migrate to a new "risk-free" interest rate benchmark after banks were fined for trying to rig Libor.

UK watchdog defends hefty fines for banks

2015-06-17 14:45

Stiffer fines for banks caught trying to rig markets have not undermined financial stability or the ability of lenders to stay solvent, says a British regulator.

Citigroup may plead guilty in forex rigging case

2015-05-12 17:30

US banking giant Citigroup says it may plead guilty to an antitrust violation as part of a settlement of charges it helped rig the massive foreign exchange market.

Ex-RP Martin execs fined, banned in Libor probe

2015-01-22 15:55

Britain's financial regulator has fined and banned the former official and compliance chief of RP Martin for the alleged manipulation of Libor rates.

HSBC takes $378m hit for forex scandal

2014-11-03 12:00

HSBC bank has taken a $378m charge linked to allegations of foreign exchange market rigging, and posted mixed earnings for the third quarter.

UK wins first guilty plea in rate rigging probe

2014-10-07 13:30

A senior banker at a leading British bank has pleaded guilty to conspiracy to defraud in connection with the manipulation of Libor benchmark interest rates.

Libor rigging: Lloyds expects fine

2014-07-25 12:10

The long-awaited fine on Britain's Lloyds Banking Group in relation to the benchmark interest rate fixing allegations will be announced soon, sources say.

UK brokerage fined $2.3m over Libor scandal

2014-05-16 11:21

RP Martin has been fined by British and US regulators over allegations its traders manipulated benchmark interest rates.

No rush to regulate forex over fixing scandal

2014-05-09 16:49

Governments should not leap into full-scale regulation of currency trading in the wake of claims leading banks rigged market benchmarks, a top UK official says.

UK watchdog issues another warning notice

2014-02-27 20:00

Britain's financial regulator has issued its third warning notice to an individual trader, as part of a probe into manipulation of benchmark interest rates.


Libor trader says anger drove plea change

2015-07-14 11:04

The ex-trader charged with manipulating Libor, has told a London court he has been near-suicidal when he agreed to plead guilty, but anger led him to change.

Regulators to meet to fix rules after rigging

2015-05-28 18:00

Global regulators will meet in London next month to try to tighten their grip on markets after banks were fined billions of dollars for manipulating interest rates and currencies.

UK bans first trader over Libor rigging

2015-03-18 17:15

A former trader at Dutch lender Rabobank has become the first to be banned from Britain's financial services industry for Libor interest rate rigging.

JPMorgan faces US criminal probe on forex trade

2014-11-04 10:56

The US Department of Justice has launched a criminal investigation of JPMorgan Chase's foreign exchange trading business, the bank disclosed.

US, Euro banks near deals on forex rigging

2014-10-08 08:48

Large American and European banks are nearing settlement deals with British regulators over rigging interest rates and manipulating the foreign exchange market.

UK eyes Libor abuse powers for oil, gold

2014-09-25 11:00

Britain says new powers to punish rigging of Libor interest rates with criminal sanctions should be extended for seven major benchmarks.

UK expects currency probe to hot up

2014-07-10 19:45

Britain's financial regulator expects a rising tide of requests for help from its overseas peers relating to an investigation into the vast foreign exchange market.

Broker ICAP's profit slips on Libor probe

2014-05-14 11:30

Britain's Icap, the world's largest interdealer broker, has reported a 4% fall in pretax profit, hit by an investigation into Libor and other benchmark rigging.

Former ICAP brokers in UK court

2014-04-15 15:15

Three former brokers at the world's largest interdealer broker ICAP charged with running a scheme to manipulate Libor rates have appeared in a London court.

Rate scandal: Top regulator joins FX probe

2014-02-14 20:00

Foreign exchange benchmarks will be reviewed by the world's top financial regulator, the latest front to be opened in a global probe into allegations of price manipulation.

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