LIBOR Archives - Page 2 of 4 - CFO

Citibank Fined $425M in Rate-Rigging Cases

Risk & Compliance

Citibank Fined $425M in Rate-Rigging Cases

U.S. regulators allege Citi manipulated key swaps and interest rate benchmark to benefits its own trading positions.

By Katie Kuehner-Hebert | May 25, 2016

Ex-Rabobank Traders Get Jail for Libor Rigging

Risk & Compliance

Ex-Rabobank Traders Get Jail for Libor Rigging

"You can't go around ... helping rig one of the most important markets in the world and not pay the price," a judge says.

By Katie Kuehner-Hebert | March 11, 2016

Ex-Rabobank Traders Convicted of Libor Rigging

Risk & Compliance

Ex-Rabobank Traders Convicted of Libor Rigging

After a three-week trial, a Manhattan jury found the pair guilty of multiple counts of conspiracy and wire fraud.

By Matthew Heller | November 5, 2015

Ex-Trader Gets 14 Years in Jail for Rigging Libor

Risk & Compliance

Ex-Trader Gets 14 Years in Jail for Rigging Libor

A London judge gives Tom Hayes a stiffer-than-expected sentence 'to send a signal' to the banking industry.

By Katie Kuehner-Hebert | August 3, 2015

Deutsche Bank to Pay $55M for Hiding Losses

Deutsche Bank to Pay $55M for Hiding Losses

Deutsche Bank settles one of the last remaining cases from the financial crisis, which involved the valuation of credit default swaps.

By Katie Kuehner-Hebert | May 26, 2015

Regulator Blasts SEC Waivers to Five Banks

Risk & Compliance

Regulator Blasts SEC Waivers to Five Banks

SEC commissioner says there were "compelling reasons" to reject the waiver requests of banks convicted of rate-rigging.

By Matthew Heller | May 26, 2015

Five Banks to Pay $5.6B Over Rate-Rigging

Risk & Compliance

Five Banks to Pay $5.6B Over Rate-Rigging

Plea agreements resolve U.S. allegations that the banks manipulated foreign currency exchange and interest rates.

By Katie Kuehner-Hebert | May 20, 2015

Deutsche Bank to Pay $2.5B in LIBOR-Rigging Case

Deutsche Bank to Pay $2.5B in LIBOR-Rigging Case

The settlement is the largest among the five banks that have admitted LIBOR-rate misconduct.

By Matthew Heller | April 23, 2015

Credit Markets Need An Alternative to Libor — Fast

Credit Markets Need An Alternative to Libor — Fast

Federal Reserve Governor Powell says a "horrible mess" could ensue if a substitute to the London Interbank Offered Rate isn't found.

By Iris Dorbian | September 5, 2014

Will Banks Pay Up for a New, Improved Libor?

Global Business

Will Banks Pay Up for a New, Improved Libor?

New usage fees from ICE may stop banks from pricing business loans off the London Interbank Offered Rate.

By Iris Dorbian | August 19, 2014

Regulator Wants Benchmark Interest Rate Overhaul

Credit & Capital

Regulator Wants Benchmark Interest Rate Overhaul

Motivated by rate-rigging scandals, the Financial Stability Board seeks to restore confidence in financial market benchmarks.

By Iris Dorbian | July 22, 2014

Investors Demanding Higher Yields on Junk-Rated Loans

Investors Demanding Higher Yields on Junk-Rated Loans

Loan issuers with risky or large deals are having to bump up spreads and increase discounts to clear the market.

By Vincent Ryan | May 6, 2014

Libor’s Double Whammy for European Banks

Libor’s Double Whammy for European Banks

Different accounting standards could mean a quicker and bigger hit on the balance sheets of European banks than those of their American counterparts.

By Andrew Sawers | November 19, 2012

Repairing LIBOR

Repairing LIBOR

Corporate treasurers want regulators to change the way they govern LIBOR, not to overhaul the benchmark.

By Andrew Sawers | October 8, 2012

Dream Turns to Nightmare

Dream Turns to Nightmare

Investment banking once delivered juicy profits. No longer.

By Economist Staff | September 18, 2012