From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel. AUDIE CORNISH, HOST: And I'm Audie Cornish. On Wall Street, many things are bought and sold, including, occasionally, interest rates.
Barclay's recently admitted to rigging the London InterBank Offered Rate (LIBOR) and agreed to pay U.S. and British regulators $450 million dollars in penalties to settle the case. Then the heads ...
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A $400 million lawsuit against UBS is designed to punish banks who throw employees to the wolves
In August 2015, former UBS banker Tom Hayes sat in a London courtroom after being found guilty of eight counts of conspiracy to defraud, for his involvement in the Libor interest-rate rigging scandal.
NEW YORK (Reuters) -Tom Hayes, the former trader who was a face of the global Libor-rigging scandal before his conviction was overturned in July, sued his former employer UBS for more than $400 ...
The City trader wrongfully jailed for rigging a key interest rate during the financial crisis has slammed a 'Kafkaesque' justice system that is putting at risk his first holiday abroad since his ...
The latest global financial scandal may be the biggest of all, involving a benchmark used to set interest rates for contracts worldwide. It's the London Interbank Offered Rate, or LIBOR. As the world ...
A CFTC investigation into the corrupt practices of Royal Bank of Scotland traders who were rigging the global interest rate known as Libor for years has revealed something awfully sinister — they ...
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