Rate Rigging

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Goldman settles rate rigging lawsuit

Goldman Sachs Still

Goldman Sachs has agreed to pay $56.5m to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553tril derivatives market.

Ex-Deutsche Bank trader denies manipulating rates

Deutsche Bank - Foyer Bridge

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.

Ex-UBS trader banned for currency rigging

English money

The U.S. Federal Reserve banned former UBS trader Matthew Gardiner from the banking industry for life for rigging currency benchmarks, the first U.S. penalty against an individual in the three-year investigation.

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Goldman settles rate rigging lawsuit

Goldman Sachs has agreed to pay $56.5m to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553tril derivatives market.