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

Gavel

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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Deutsche Bank - External

Deutsche Bank clears chairman

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.

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.

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