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

From COMPANIES May 15, 2013

RP Martin suspends chief in Libor probe

Investigation into interdealer broker over benchmark

Canary Wharf financial district viewed over the river Thames, London ©Alamy From MARKETS May 12, 2013

Dual-track Libor replacement lined up

Parallel system could be based on both surveys and transaction data

Editorial

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
Wheatley’s Libor detoxification
The head of the Financial Conduct Authority has set out a sound strategy
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
city of london skyline ©Bloomberg From MARKETS Apr 23, 2013

Libor heads for history in bank rate hunt

What could replace interbank rates system?

Gary Gensler, chairman of the Commodity Futures Trading Commission ©Bloomberg From MARKETS Apr 22, 2013

CFTC’s Gensler says Libor ‘unsustainable’

US regulator demands immediate change to process

Comment and analysis

The global rate-rigging probe

UBS ©EPA

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

A pedestrian enters a branch of the Royal Bank of Scotland in London, U.K., on Monday, Dec. 12, 2011. Royal Bank of Scotland Group Plc and U.K. regulators were heavily criticized by the Financial Services Authority's long awaited report into the near collapse of RBS in 2008 following its takeover of ABN Amro Holding NV. ©Bloomberg From COMPANIES Apr 12, 2013

RBS rebuked over yen Libor manipulation

Chief at bank’s Japanese securities unit resigns

branch of the Royal Bank of Scotland in the City of London ©PA From COMPANIES Apr 11, 2013

Yen Libor probe focus on RBS

Executive leaves ahead of penalty for rate manipulation

Takeshi Kunibe, chairman of the Japanese Bankers Association, gestures as he speaks during an interview in Tokyo ©Bloomberg From COMPANIES Apr 1, 2013

Japanese lenders to evaluate Tibor

New JBA head vows to improve reliability of lending benchmark

FT explainer

Libor investigation

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 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

From COMPANIES Feb 11, 2013

Pressure on more RBS executives to go

Commission questions why only Hourican has departed

From COMPANIES Feb 8, 2013

Banks pressed to help set Euribor rates

EU commissioner Barnier moves to clean up rate-setting process

From COMPANIES Feb 7, 2013

RBS staff at centre of Libor tactics

Four other groups linked to lender

From MARKETS Feb 7, 2013

ICAP promises action if rate-rigging found

Interdealer broker confirms another employee placed on leave

From COMPANIES Feb 6, 2013

Rate-fixing scandal rocks three continents

RBS fined, D Bank suspends traders, Tokyo ‘cartel’ allegations

From COMPANIES Feb 6, 2013

Banks keen to reach Libor settlements

Regulators investigate up to 20 groups but early deals are unlikely

From COMPANIES Feb 6, 2013

Deutsche Bank suspends rate traders

Internal inquiry into alleged manipulation of Euribor

From COMPANIES Feb 6, 2013

Japanese banks accused of Tibor fixing

Ex-trader’s book to allege collusion over benchmark

From COMPANIES Feb 6, 2013

RBS pays £390m to settle Libor probe

Japanese subsidiary pleads guilty to US criminal charge

In depths

London’s future

London fights for its future as a financial centre

More stories

Banks

Financial sevices

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

VIDEO

EDITOR’S CHOICE

FT investigation

Analysis BIG PAGE Libor pfeatures How the setting of key financial reference points has put some banks in the spotlight

Interactive graphic

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