Tom Hayes, the first trader jailed worldwide for interest rate rigging, lost his appeal against his conviction in a London court on Wednesday. Hayes, a former star Citigroup and UBS trader, was ...

LONDON (AP) — Britain’s financial regulator on Friday launched a quick review of the London interbank offered rate (LIBOR), the interest rate index that has been subject of a global scandal, raising ...

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 ...

NEW YORK/LONDON (Reuters) - Officials from the Bank of England and Britain's financial watchdog missed several opportunities to investigate how banks set the London interbank offered rate, now the ...

LONDON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that ICE Benchmark Administration Limited ...

On April 3, 2023, the United Kingdom Financial Conduct Authority (UK FCA) announced a final decision on the transition of US Dollar London InterBank Offered Rate (USD LIBOR). Subject to appeal, ICE ...

LONDON (AP) — British police arrested three people Tuesday as part of their investigation into the manipulation of a key benchmark interest rate — the first British arrests in a scandal that’s had ...

(AP) A British court has rejected an attempt by Barclays to shield the names of more than 100 present and former employees of the bank allegedly involved in manipulating a key interest rate index or ...

LONDON, Aug 10 (Reuters) - Libor benchmark interest rates are no longer "fit for purpose" and must be changed or replaced, Britain's regulator said on Friday as he set out proposals to restore their ...

The Financial Conduct Authority (FCA) has confirmed that 85 per cent of the uncleared UK derivatives market are ready for the end of the London interbank offered rate (LIBOR) as 12,500 firms sign the ...

LONDON, March 27 (Reuters) - Tom Hayes, the first trader jailed worldwide for interest rate rigging, lost his appeal against his conviction on Wednesday, with London's Court of Appeal ruling that it ...