LIBOR

London At Night

LIBOR, the London Interbank Offered Rate, is the average interest rate estimated by leading banks in London that they would be charged if borrowing from other banks.

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Convicted Libor trader appeals denied

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Three former Barclays traders sent to prison for Libor manipulation were denied permission to appeal their convictions by a U.K. judge, narrowing the possibility that their guilty verdicts will be overturned.

Deutsche Bank clears chairman

Deutsche Bank - External

Deutsche Bank has cleared its chairman of accusations by shareholders that he was partly to blame for the bank's poor cooperation with authorities over alleged rate-rigging, daily Sueddeutsche Zeitung has cited financial sources as saying.

Ex-UBS / Citi trader writes from prison

Bank Of England Building

Tom Hayes, the trader jailed last year for his role in attempts to manipulate Libor, has written to the head of the Serious Fraud Office over fresh claims that the Bank of England was aware of how the key benchmark was “lowballed” in the run-up to the financial crisis.

Ex-Rabobank trader jailed over Libor scheme

Gavel

A former Rabobank trader from Australia was sentenced on Wednesday to three months in a U.S. prison for conspiring to manipulate Libor, the leading benchmark for pricing financial transactions, to the bank's advantage.

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Bank Of England Building

Ex-UBS / Citi trader writes from prison

Tom Hayes, the trader jailed last year for his role in attempts to manipulate Libor, has written to the head of the Serious Fraud Office over fresh claims that the Bank of England was aware of how the key benchmark was “lowballed” in the run-up to the financial crisis.

Pointing The Finger

Ex-trader dismissed over Libor sues Lloyds

A former trader at Lloyds Banking Group who was among eight people dismissed after the bank's settlement for alleged manipulation of Libor interest rates is suing the bank for unfair dismissal, a court document showed.

Deutsche Bank - Foyer Bridge

Ex-Deutsche Bank trader denies manipulating rates

A former London-based Deutsche Bank trader pleaded not guilty Thursday to U.S. charges he manipulated a benchmark interest rate that is not only tied to trillions of dollars in securities and loans but is also the focus of government investigations worldwide into bank misconduct.

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Convicted Libor trader appeals denied

Three former Barclays traders sent to prison for Libor manipulation were denied permission to appeal their convictions by a U.K. judge, narrowing the possibility that their guilty verdicts will be overturned.