Rate-rigging scandal

NYSE Euronext has been awarded a contract to run the London interbank offered rate after the benchmark lending rate became discredited by a rate-fixing scandal that has seen banks fined and individual traders put on trial

‘Pete the Greek’ will not face Libor action

FCA panel rules no case against ex-UBS man Koutsogiannis

FT View

A logo sits on a window in the reception area of the headquarters of the Financial Conduct Authority (FCA) in the Canary Wharf business district in London, U.K., on Thursday, Nov. 21, 2013. The FCA is working with regulators including the U.S. Department of Justice and the Commodity Futures Trading Commission to investigate the potential manipulation of the foreign-exchange market. Photographer: Chris Ratcliffe/Bloomberg ©Bloomberg
Bankers need to show they know right from wrong
Brussels is right to end self-regulation of benchmarks
London’s regulator should be left to finish the job on Libor

Hayes found guilty of rigging rates

Ex-trader sentenced to 14 years for conspiring to manipulate Libor

Tom Hayes: ‘The Machiavelli of Libor’

Ex-trader had near-legendary status among fellow expats in Tokyo

Libor verdict: key quotes from the case

Tom Hayes stood trial for nine weeks at Southwark Crown Court

Ex-Rabobank trader banned in Libor case

Lee Stewart barred in the wake of a guilty plea to US charges

FCA warns banks over benchmark risks

Watchdog says changes have been piecemeal and lacked urgency

Jury deliberates verdict in Libor trial

Ex-UBS trader Tom Hayes faces conspiracy to defraud charges

Jain cleared of lying about rate rigging

BaFin drops part of probe into former Deutsche Bank co-chief

FCA cuts down on dawn raids

UK markets regulator has focused on Libor and forex

Court told Hayes warned over Libor fixings

Former trader says he was not ‘unduly’ alarmed by broker’s warning

Trader tells of rage over Libor probe

Banker says Libor investigation was a ‘political stitch-up’

Hayes breaks down in court about Libor

Former UBS trader reflects emotionally on his fear of extradition

Libor fixing predated Hayes at UBS, court hears

Emails contradict SFO’s claim that trader started manipulation

UBS trader says bosses knew of rigging

Hayes says managers were fully aware of Libor fixing

Deutsche rejects claim Jain lobbied for traders’ €130m bonus

BaFin report takes comments out of context, says bank

Prosecutors launch Deutsche Libor probe

Move follows regulator report on bank’s failings

Deutsche Bank under fresh fire over Libor

Senior management acted ‘negligently’, BaFin report alleges

Bank watchdogs target high-profile cases

UK, US and Hong Kong authorities increase fines in 2014

Carney to extend market abuse rules

Clampdown signals end to ‘age of irresponsibility’

Market rigging review to seek new laws

Rules will aim to close loopholes that allowed Libor scandal to happen

RBS ordered to hand over Libor documents

Judge in rate-hedging case asks to see FCA settlement papers

UBS chiefs ‘aware’ of Libor rigging

Kengeter at meeting where manipulation discussed, trial hears

Hayes called Libor moves ‘a grey area’

Former UBS and Citi trader says he had no compliance training

Goldman tried to lure Hayes, court told

Trader accused of rigging rates turned down £3m guarantee

Libor rigging said to have begun in 2006

Jury shown emails about moving interbank lending rate

ABOUT LIBOR

Libor explained 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

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