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.

LATEST

The Libor trials: Where we are now

Gavel

Barclays sent shockwaves through the City when, in July 2012, it was fined nearly £300m by British and US regulators for its role in the Libor-rigging scandal. Days later, then chief executive Bob Diamond handed in his notice.

Jailed trader Hayes boosted by Barclays trial verdict

Gavel

Tom Hayes, the first trader to be convicted of rigging Libor, plans to argue that developments in a separate trial centred on rates manipulation bolsters his case for an appeal, after questions were raised in court about an expert prosecution witness.

HOT LIST

Gavel

Jailed trader Hayes boosted by Barclays trial verdict

Tom Hayes, the first trader to be convicted of rigging Libor, plans to argue that developments in a separate trial centred on rates manipulation bolsters his case for an appeal, after questions were raised in court about an expert prosecution witness.

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.

FEATURED