Search Results for: Libor
Tom Hayes Denied Latest Bid to Appeal Libor Conviction
March 9th, 2016
An appeals court on Tuesday denied a request by Tom Hayes, a former trader at Citigroup and UBS, to ask Britain’s highest court to review his conviction in August for conspiring to manipulate a global benchmark interest rate known as Libor. Mr. Hayes, ...
Last Wave on Libor: CFTC Likely to Charge Multiple Banks for Rate Rigging
February 16th, 2016
Citigroup, HSBC are among firms targeted by regulators, according to people close to the probe American banks have so far escaped the billions of dollars in fines that have been levied by U.S. and British regulators leading a global ...
How Six Brokers Walked Free After Unraveling of U.K. Libor Case
February 9th, 2016
Witnesses fail to convince, jury acquits local defendants Loss in complex case seen a major setback for regulators The first signs of trouble for prosecutors came about three weeks into the trial. Their witness was a government investigator called ...
Six Banks Negotiating Settlement in Swiss Libor Probe
January 25th, 2016
Swiss regulator: `We won’t go for a settlement at any price’ Settlement would resolve one of few remaining Libor probes At least six banks targeted in Switzerland’s investigation into Libor-rigging are in settlement talks with the country’s competition regulator, ...
Convict Libor brokers only if they played ‘significant’ role, UK jury told
January 22nd, 2016
Jurors in Britain’s second Libor trial were instructed on Thursday not to convict the six former brokers in the dock unless evidence showed they played a “significant” part in an alleged plot to help convicted trader Tom Hayes rig ...
Six former brokers acted as ‘well-oiled machine’, Libor trial hears
January 14th, 2016
Defendants conspired with convicted trader Tom Hayes to manipulate inter-bank lending rate, prosecution tells court Six former brokers acted as a “well-oiled machine” to assist convicted trader Tom Hayes to rig Libor interest rates, a court has heard. Summing ...
German Regulator to Publish Deutsche Bank Libor Report in January ‘At the Earliest’
December 14th, 2015
Germany’s financial markets regulator, BaFin, is likely to publish its final report about its findings over the key reference rate Libor manipulation scandal at the beginning of January at the earliest, according to two people with knowledge of the matter. Accusations ...
Former Rabobank traders convicted in U.S. over Libor rigging
November 9th, 2015
A federal jury found two former traders at Rabobank guilty of fraud on Thursday in the first U.S. trial arising from a global investigation into manipulation of Libor, the leading benchmark for pricing financial transactions around the world. ...
Rabobank trader tells jury he ignored traders’ requests to rig Libor
October 29th, 2015
A former Rabobank trader accused of engaging in a scheme to manipulate Libor told a jury on Wednesday that he sometimes learned of improper requests from traders to rig the benchmark rate, but never acted on them. The testimony ...
Ex-Rabobank Trader Says `Libor Time’ Was Call to Fix Rates
October 20th, 2015
Second former trader testifying against colleagues at trial Libor tied to more than $350 trillion of loans and securities “It’s Libor time.” That was the call ahead of Rabobank Groep’s daily morning Libor submission as bank employees gathered to rig ...
