The 21st has been a banner century for financial and accounting scandals. Enron, the dotcom bust, the subprime-mortgage crisis and the bank bailouts have all contributed to the very low esteem in ...

Within the financial sector, few topics are hotter right now than the manipulation of the London Interbank Offered Rate, or Libor. Libor, essentially, is the average benchmark for different interest ...

When the LIBOR interest-rate fixing scandal broke wide open over the summer, I asked whether it was “The Crime of the Century.” The answer to that question relied on whether banks were understating ...

LIBOR once served as the foundation of global lending, affecting everything from credit cards to corporate loans. For over 30 years, these benchmark interest rates determined borrowing costs for ...

In an update earlier last year, we highlighted the ongoing legal developments in connection with key cases surrounding the London InterBank Offered Rate (LIBOR) manipulation scandal with respect to a ...

We've been talking a lot lately about what's been dubbed the "LIBOR rate fixing scandal," where some of the biggest banks in the world have been accused of manipulating a key global interest rate. If ...

AMSTERDAM (Reuters) - U.S. and European regulators have fined Dutch lender Rabobank $1 billion for rigging benchmark interest rates, making it the fifth bank punished in a scandal that has helped to ...

LONDON/WASHINGTON (Reuters) - Barclays' embattled former chief executive Bob Diamond is being represented by top white-collar defense lawyer Andrew Levander in a widening scandal over the manipulation ...

Two former traders late last night were handed prison sentences in the US for offences related to Libor fixing. Anthony Allen, Rabobank's former global head of liquidity and finance, and Anthony Conti ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Euro LIBOR was the London Interbank Offered Rate (LIBOR) denominated in euros.

On October 1, 2024, the United Kingdom Financial Conduct Authority (UK FCA) phased out ‘Zombie’ LIBOR, as a transitional benchmark, with the move to alternative “risk-free” rates. To be addressed in ...