"If the DoJ does tear up the UBS agreement, it would mark the first time it has brought criminal charges against a bank that breached the terms of an NPA." - Financial Times
Read moreThe CFTC, FCA, US Department of Justice, and New York State Department of Financial Services have collectively issued their penalties to Deutsche Bank, with fines topping $2.5 billion
Read more“Deutsche Bank’s failings were compounded by them repeatedly misleading us. The bank took far too long to produce vital documents and it moved far too slowly to fix relevant systems and controls" - Georgina Phillipou, Acting Director of Enforcement and Market Oversight, FCA
Read morePaul Robson faces sentencing in 2017 for rigging LIBOR, representing the first trader to face a ban, which could be followed up with a criminal conviction in the UK, along the same lines as the one already on his record in the US
Read moreThe European Commission has accused ICAP of enabling illegal arrangements between banks in markets for the yen-based London interbank offered rate and yen Tibor, the Tokyo interbank offered rate, a matter which ICAP refutes and intends to appeal on the basis that it considers the citing to be wrong in fact and law
Read moreChancellor of the Exchequer confirms government will extend legislation put in place to regulate LIBOR to cover seven further financial benchmarks, including the main foreign exchange benchmark, with those found guilty of manipulating these benchmarks facing up to seven years in prison.
Read moreSubsequent to Lloyds Bank's $370 million fine for manipulation and falsification which included LIBOR irregularities, ICE issues consultation paper
Read moreThe Financial Conduct Authority has followed the CFTC in concluding investigations concerning the conduct of Lloyds Banking Group, resulting in a fine of £105 million for misconduct relating to the Special Liquidity Scheme.
Read moreCFTC Charges Lloyds Banking Group and Lloyds Bank with Manipulation, Attempted Manipulation, and False Reporting of LIBOR
Read moreBritain's Chancellor of the Exchequer prepares to announce stringent plans to criminalize foul play in the UK FX market, which will be announced this evening at the Mansion House.
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