Financial institutions around the world are caught up in a scandal concerning the manipulation of an esoteric interest rate, the London Interbank Offered Rate (LIBOR). LIBOR affects the payout of ...

The US Federal Deposit Insurance Corporation sued HSBC, Citigroup, Deutsche Bank and 12 other global banking heavyweights on Friday for manipulation of the Libor benchmark interest rate. The regulator ...

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 ...

In “The Trading Game,” Gary Stevenson spills secrets of the City. By Mark Gimein It has been an arduous process to get the financial system to stop relying on the tarnished interest-rate benchmark. By ...

Headlines this morning highlight the fact that SAC's “portfolio manager A”, aka Steven A. Cohen, is linked to the largest insider trading scandal brought to date by the US Attorney's Office in New ...

The London Interbank Offered Rate, or LIBOR—one of the most widely-recognized interest rate benchmarks of the past 37 years—will officially be retired today. The London Interbank Offered Rate, or ...

Michael C. Miller, a partner at Steptoe & Johnson, and Lara Romansic, of counsel at the firm, discuss rescission, which may be a potential solution to the determination of damages caused by LIBOR ...

The Wall Street Journal has reviewed affidavits that the Canadian Competition Bureau submitted for its request to compel production of information from banks under investigation for manipulating ...

Die Europäische Zentralbank, die Bank of England und andere Notenbanken sollen auf dem Höhepunkt der Finanzkrise 2008 Geschäftsbanken gedrängt haben, die Referenzzinssätze Libor und Euribor zu ...

The U.S. Federal Deposit Insurance Corporation sued HSBC, Citigroup, Deutsche Bank and 12 other global banking heavyweights for manipulating the Libor benchmark interest rate. The manipulation caused ...

US Dollar London InterBank Offered Rate (LIBOR) had been considered the world’s most important number, as it was utilized in hundreds of trillions of dollars of financial instruments worldwide.