A view of Barclays headquarters at London's Canary Wharf financial district, Tuesday, July 3, 2012. Barclays Chief Executive Bob Diamond quit his job Tuesday, the latest scalp in a financial markets ...

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 ...

Ex-Barclays swaps trader Ryan Reich ’04 is currently being prosecuted by the United Kingdom’s Serious Fraud Office for manipulating the London Interbank Offered Rate (LIBOR) for personal profit ...

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 ...

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 ...

On October 18, 2022, the United States Court of Appeals for the Second Circuit affirmed the dismissal by the United States District Court for the Southern District of New York of a putative class ...

No doubt at some point a full calculation will be forthcoming. It is important to remember that many banks are involved in the scandal, and that for every long derivative there’s a short, so there ...

Sign up for the daily CJR newsletter. When wrongdoing by Big Business is in the news, you can usually count on the WSJ editorial page to do its best to downplay the ...

The first person to be charged as part of the investigation in to LIBOR manipulation has been found guilty on eight counts of conspiracy to defraud and sentenced to 14 years in prison. Former ...

(Reuters) - Puerto Rico has lawyers looking at possible legal claims from the suspected manipulation by global banks of Libor benchmark international lending rates, a top island finance official said ...

The Securities and Exchange Commission has agreed not to let accusations of LIBOR manipulation lead to the revocation of Deutsche Bank’s well-known seasoned issuer status, a streamlined process for ...