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Libor

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  • EU announces rate-rigging fines for banks     Wednesday, 4 Dec 2013 | 5:33 AM ET

    Joaquin Almunia, competition commissioner at the European Commission, announces rate-rigging fines relating to Libor and Tibor manipulation as well as who received immunity from fines.

  • CNBC's Catherine Boyle discusses the news that some of the world's biggest banks are considering banning traders from chat rooms following their use in the Libor rigging scandal.

  • UK whistleblowers could get US-style payouts Thursday, 10 Oct 2013 | 5:51 AM ET

    Workers who become witnesses for the U.K. state in cases of corporate crime could be in line for payouts, under new proposals being considered.

  • ICAP slapped with $87 million Libor rigging fine Wednesday, 25 Sep 2013 | 10:55 AM ET

    ICAP, the world's largest interdealer broker, has been fined $87 million by regulators over its role in the Libor rate rigging scandal.

  • Why Has Libor Been Sold?     Tuesday, 9 Jul 2013 | 11:15 AM ET

    David Enrich, European banking editor at the Wall Street Journal, comments on the sale of Libor to NYSE Euronext, and why the U.S. stock exchange was chosen.

  • Bankers to Be Jailed for Recklessness Under New Plan Friday, 26 Apr 2013 | 1:29 AM ET

    Bankers who behave recklessly would be jailed under a new law being considered by MPs and peers on the banking commission, whose final report is due next month. The FT reports.

  • CFTC's Gensler Slams Libor, Seeks Alternative     Tuesday, 23 Apr 2013 | 5:21 AM ET

    Gary Gensler, chairman of the Commodities Future Trading Commission, tells CNBC what he thinks is the most critical issue for global financial markets at present.

  • What Are the Alternatives to Libor?     Monday, 22 Apr 2013 | 11:19 AM ET

    Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, talks about the Libor rate and the possible alternatives.

  • What Was Libor: An Investigation Wednesday, 27 Feb 2013 | 1:01 PM ET

    Was Libor the risk-free rate of interest or the cost of borrowing? Apparently the derivatives market believed one thing and lenders believed another.

  • After Libor Scandal, Will Rate Rigging End?     Wednesday, 6 Feb 2013 | 8:00 PM ET

    Jim Antos, Bank Analyst at Mizuho Securities Asia discussed the Libor scandal and says that management should also take blame for the rate fixing scandal.

  • Sheila Bair on Libor Scheme & DOJ Post S&P     Wednesday, 6 Feb 2013 | 4:26 PM ET

    Former FDIC Chair Sheila Bair of Pew Charitable Trusts discusses whether she was surprised by the DOJ's civil lawsuit against Standard and Poor's, and offers her opinion on the LIBOR scandal.

  • Rate-Fixing Settlements Are Just Tip of the Iceberg Wednesday, 6 Feb 2013 | 1:37 PM ET
    Royal Bank of Scotland

    In total RBS, Barclays and UBS will pay nearly $3 billion in fines stemming from the multi-year practice of artificially suppressing these benchmark interest rates, a practice that spanned the financial crisis and beyond.

  • The growing oil supply glut in the Midwest and the inability to transport and offload these supplies via pipeline to refineries along the Gulf Coast has created the widest price differential of the year between the world's largest oil futures contracts.

  • CFTC Commissioner Bart Chilton

    Banks that rigged interest rates behaved in "brazen, flagrant" fashion, the head of the Commodities and Futures Trading Commission told CNBC on Wednesday.

  • UBS Swings to Net Loss After Libor Fine, Revamp Tuesday, 5 Feb 2013 | 3:13 AM ET

    UBS saw weak client inflows at its flagship private bank in the fourth quarter as it reported a hefty net loss due to a $1.5 billion fine for rigging benchmark interest rates and restructuring costs.

  • RBS Told to Pay Libor Fines From Bonus Pool Sunday, 3 Feb 2013 | 5:50 AM ET
    Royal Bank of Scotland

    Royal Bank of Scotland faces the prospect of scrapping all bonuses for its investment bankers this year to free up cash to pay fines for its involvement in a global interest rate rigging scandal.

  • Royal Bank of Scotland

    Royal Bank of Scotland Group is close to a 500 million pounds ($785.32 million) settlement with U.S. and British authorities over claims that some of its employees submitted false Libor rates, the Wall Street Journal reported, citing people briefed on the negotiations.

  • They're Back: RBS Prepares for Big Bank Bonuses Tuesday, 29 Jan 2013 | 1:49 AM ET

    George Osborne is braced for a new political backlash over bank bonuses, as state-controlled Royal Bank of Scotland prepares to pay as much as 250 million pounds to staff at an investment banking division heavily implicated in the Libor-rigging scandal. The FT reports.

  • Barclays Forced to Name Executives on Libor List Friday, 25 Jan 2013 | 2:06 AM ET
    Robert Diamond

    Barclays was forced to name former heads Bob Diamond and John Varley, finance director Chris Lucas and other top executives and traders linked to a global rate-fixing probe, despite their calls for anonymity.

  • Deutsche Bank Benefited From Libor Trades: Report Thursday, 10 Jan 2013 | 5:19 AM ET

    Germany's Deutsche Bank benefited from trades pegged to the London Interbank Offer Rate (Libor) currently under investigation, the Wall Street Journal reported on Thursday, adding that the bank made at least 500 million euros ($654 million) in profit from the trades in 2008.

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