Both worked for Dutch lender Rabobank. The Libor scandal blew up in 2012 when it emerged that banks had been lying in the figures on which Libor was set. The Libor rate is a key figure in setting ...

The Libor scandal led to banks paying big fines. Traders like Hayes argue they were scapegoated.

The investigation centres on the period 2006-2008 just before and during the financial crisis and is looking to see if banks manipulated Libor to hide the truth about their finances and to boost ...

Barclays' finance chief is investigated as the Libor scandal widens. David Weidner has details, and insights into what Treasury Secretary Geithner's testimony says about who is really to blame in ...

Hayes was the highest-profile of nine U.K. convictions in the Libor scandal. He said he would continue to try to exonerate himself, in part so that his son would no longer have a father with a ...

On October 1, 2024, the United Kingdom Financial Conduct Authority (UK FCA) phased out ‘Zombie’ LIBOR, as a transitional benchmark, with the move ...

The draft regulation proposes moving oversight of the scandal-hit benchmark from London to the European Securities and Markets Authority (ESMA). Libor is used to price trillions of pounds worth of ...

“Banks prefer not to be the subject of such scrutiny and large fines as they were during the Libor scandal. They therefore prefer either not to be involved with Libor, or not to be given scope for ...

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Which might explain why Chris Huhne's resignation ranks higher than the Libor scandal, for example.) Given what followed, you might be forgiven for forgetting just how cross politicians were at the ...

Self-driving car proponents promise a lot of profits, but a handful of companies are competin ...