LIBOR

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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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The Libor trials: Where we are now

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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

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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.

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Trader said to tell boss: 'You don’t want to know'

A broker at Tullett Prebon was able to stop an internal review of a $53,000 payment made by derivatives trader Tom Hayes for help rigging Libor by telling his boss that 'you don’t want to know' about it, according to tapes played to jurors Monday.

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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The Libor trials: Where we are now

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.