Interest Rates Libor

  • whistle_money_200.jpg

    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, 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?

    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 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

    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?

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

  • Pedestrians pass 30 South Colonnade, centre, where the London interbank offered rate, or Libor, was set daily.

    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 the Libor scandal, Will Rate Rigging  End?

    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

    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.

  • 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.

  • american_flag_oil_barrel_200.jpg

    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.jpg

    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.

  • 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.

  • The Royal Bank of Scotland

    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.

  • 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.

  • Pedestrians pass 30 South Colonnade, centre, where the London interbank offered rate, or Libor, was set daily.

    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.

  • UBS has yet to fully purge itself of a global interest rate scandal that has put it at risk of a wave of costly civil suits, its investment banking chief said on Wednesday.

  • The Game Changer Rocking the Yen

    The official U.K. Libor manipulation report points the finger at five banks for helping UBS rig the rate. So which banks were they?

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