Libor scandal: In depth news, commentary and analysis from the Financial Times

Libor scandal

Regulators from around the world are probing alleged manipulation by big US and European banks of the London interbank offered rate and other key benchmark lending rates

News Analysis

From MARKETS Jun 18, 2013

Fears grow over post-Libor crackdown

Gary Gensler, chairman of U.S. Commodity Futures Trading Commission, testifies before the Financial Crisis Inquiry Commission in Washington

Moves call into question integrity of hundreds of benchmarks

From UK 11:59pm

Libor storm sowed seeds of damning report

Commission looked at technical issues but was also a vent for public anger

Editorial

Phoney turf war

London’s regulator should be left to finish the job on Libor

The rising cost of the Libor scandal

Evidence of price-fixing should be worrisome for banks

Banks must learn from past scandals

A new culture is required at the top of financial institutions

From COMPANIES Jun 18, 2013

Former trader charged in Libor case

SFO decision sets up potential conflict with US authorities

From COMPANIES Jun 18, 2013

HSBC probed over Hong Kong banks rate

UK bank named in investigation into possible Hibor manipulation

From COMPANIES Jun 17, 2013

UK prepares charges against Libor trader

Action against Hayes would represent new stage in UK investigation

From COMPANIES Jun 14, 2013

Singapore punishes banks in rate probe

Investigation finds traders manipulated benchmarks

Comment and analysis

The global rate-rigging probe

©EPA

Some banks are trying to cut deals with regulators and end questions about their role in the Libor scandal

From COMPANIES Jun 6, 2013

EU Libor plan that ends self-regulation

Intrusiveness of some rules worries providers and users of benchmarks

Brussels Blog from WORLD Jun 6, 2013

Brussels blog: Q&A - Libor goes to Paris

Political land-grab proposed by the European Commission

From WORLD Jun 5, 2013

EU plan to remove Libor from London

Proposal to put benchmarks under control of European supervisor

FT explainer

Q&A: Brooke Masters on what Libor means and what went wrong with the key benchmark rate

Podcast

Banking Weekly: How the Libor scandal led to three key resignations at Barclays – and what happens next

From COMPANIES May 15, 2013

RP Martin suspends chief in Libor probe

Investigation into interdealer broker over benchmark

From MARKETS May 12, 2013

Dual-track Libor replacement lined up

Parallel system could be based on both surveys and transaction data

From COMPANIES Apr 29, 2013

Libor test case against Barclays delayed

Court of Appeal hearing puts back claim by Guardian care homes

From MARKETS Apr 25, 2013

FSOC seeks to replace Libor promptly

Call for new benchmarks in wake of rate-rigging probe

News analysis

From MARKETS Apr 23, 2013

Libor heads for history in bank rate hunt

What could replace interbank rates system?

From MARKETS Apr 22, 2013

CFTC’s Gensler says Libor ‘unsustainable’

US regulator demands immediate change to process

From COMPANIES Apr 12, 2013

RBS rebuked over yen Libor manipulation

Chief at bank’s Japanese securities unit resigns

From COMPANIES Apr 11, 2013

Yen Libor probe focus on RBS

Executive leaves ahead of penalty for rate manipulation

From COMPANIES Apr 1, 2013

Japanese lenders to evaluate Tibor

New JBA head vows to improve reliability of lending benchmark

From COMPANIES Mar 29, 2013

Banks secure partial win in US Libor case

Judge throws out large portion of investors’ claims

From COMPANIES Mar 26, 2013

Big Libor developments soon, says SFO

Director announces three-month timeframe

From COMPANIES Mar 26, 2013

Deutsche sets aside €500m to cover Libor

Bank expected to settle with US, UK and Germany by end of 2013

From MARKETS Mar 25, 2013

Libor regulation ‘to cost £1m a year’

Regulator to monitor administrator and rate-setting process

From COMPANIES Mar 19, 2013

UBS joins exodus from Euribor panel

Swiss lender to focus on core funding markets

From COMPANIES Mar 19, 2013

Freddie sues over ‘substantial’ Libor loss

Action against a dozen banks and the British Bankers’ Association

From UK Mar 6, 2013

Libor scandal led to creation of banking panel

Commission set up to focus on ethics and accountability in sector

From UK Mar 5, 2013

FSA says it was slow on Libor scandal

Internal review finds watchdog was too focused on financial crisis

From MARKETS Feb 25, 2013

Search begins for new Libor administrator

Move is effort to restore confidence in scandal-plagued rate

From COMPANIES Feb 21, 2013

Brussels turns up pressure over Libor

Banks face fines of up to 30% of revenues

From MARKETS Feb 21, 2013

FSA denies it was slow on Libor scandal

City watchdog emphasises its early co-operation with US regulators

From COMPANIES Feb 14, 2013

Broker draws Tullett into Libor scandal

Individual implicated in conversations about rigging rate

In depths

ABOUT LIBOR

What is the London interbank offered rate and how did things go wrong?

The FT explains Libor and its role in the banking system with exclusive stories, commentary and analysis

VIDEO

EDITOR’S CHOICE

FT investigation

How the setting of key financial reference points has put some banks in the spotlight

Interactive graphic

Browse a database of court documents and regulators’ statements on the Libor investigation