Within the financial sector, few topics are hotter right now than the manipulation of the London Interbank Offered Rate, or Libor. Libor, essentially, is the average benchmark for different interest ...

The 21st has been a banner century for financial and accounting scandals. Enron, the dotcom bust, the subprime-mortgage crisis and the bank bailouts have all contributed to the very low esteem in ...

Libor is calculated for multiple terms each day by the British Bankers’ Association based on submissions received from 16 global banks. The four highest and the four lowest submissions are disregarded ...

In a recent alert, we highlighted the United Kingdom (UK) benchmark manipulation cases of Tom Hayes and Carlo Palombo from 2015 and 2019, respectively. Hayes was the first banker to be jailed in the ...

Tom Hayes, the former British trader jailed over the Libor interest rate scandal, has filed a $400 million lawsuit against UBS, alleging "malicious prosecution and corporate scapegoating" by his ...

Tom Hayes, the former City trader who was jailed in 2015 for his part in rigging inter-bank interest rates, the so-called Libor scandal – was a patsy. The former UBS and Citigroup trader was convicted ...

“The conspiracy to fix Libor appears more extensive than had been previously thought,” harrumphs the Financial Times in respect of the $1.2 billion fine of UBS over the London Interbank Offered Rate. ...

Last week, in the U.S. District Court for the Southern District of New York, a jury found two former Rabobank traders, Anthony Conti and Anthony Allen, guilty of wire fraud and conspiracy for their ...

When the LIBOR interest-rate fixing scandal broke wide open over the summer, I asked whether it was “The Crime of the Century.” The answer to that question relied on whether banks were understating ...

BOSTON/LONDON (Reuters) - Some of the world's largest insurers for corporate directors and officers could be on the hook for hundreds of millions of dollars in claims over the next few years to cover ...

On Dec. 4 several world banks were implicated in an interest rate fixing scheme that amounted to, in the words of the European Commission, a financial world “illegal cartel,” and were ordered to pay ...