Barclays Scandal

Four former Barclays bankers were Thursday jailed for manipulating the key inter-bank Libor interest rate, with the highest sentence being 6.5 years, Britain's Serious Fraud Office said.

Four former Barclays bankers were sentenced to between 33 months and six-and-a-half years in jail by a London judge on Thursday for conspiring to rig global benchmark interest rates.

Troubled British bank Barclays, mired in the forex and Libor rigging scandals, announced today that it has fired chief executive Antony Jenkins.

London's gold and silver markets face the possibility of a probe into price setting, putting a century-old practice under the spotlight after the Libor rigging scandal that exposed widespread interest rate manipulation by banks.

Britain's Barclays plans to cut or claw back about 450 million pounds of pay from its staff over a rate-rigging scandal that last year forced out its chief executive and chairman, a person close to the matter said on Wednesday.

Oil and equities dawdled on Monday near multi-month highs scaled after robust Chinese trade data last week, while the euro slipped to a two-week low as uncertainty surrounded a political scandal in Spain and a looming election in Italy.

Britain's Royal Bank of Scotland will pay U.S. and British authorities $612 million and plead guilty to wire fraud in Japan to settle allegations it manipulated global benchmark interest rates. RBS grew from a Scottish bank to become one of the world's largest after a series of takeovers, including the purchase of NatWest in 2000, but it was s...

Royal Bank of Scotland traders laughed and counted their profits as they rigged Libor interest rates and dubbed the London market a cartel, according to conversations published by regulators on Wednesday.

Libor, the London interbank offered rate, is a global benchmark for interest rates on everything from credit cards to trillions of dollars in financial derivatives and is at the heart of a scandal over rate rigging. Libor rates are based on daily estimates from a group of banks as to how much they would expect to pay to borrow funds from each other...

Britain's Royal Bank of Scotland will pay U.S. and British authorities $615 million and plead guilty to wire fraud in Japan to settle allegations it manipulated global benchmark interest rates.

UK banks are embroiled in two separate mis-selling scandals, and Barclays said on Tuesday it had made an extra provision of 600 million pounds to compensate customers for payment protection insurance.

Barclays said its finance director Chris Lucas and its top legal expert are to retire, adding to change at the top of the British bank as it struggles to put a series of scandals behind it.

Royal Bank of Scotland will face pressure to further shrink its investment bank should an investigation into interest rate rigging show cultural failings persist in the business, political and industry sources have said.

U.S. prosecutors charged two former UBS traders on Wednesday with taking part in a multi-year scheme to manipulate Libor and other benchmark interest rates, making them the first individuals to be criminally accused in the international scandal.

Swiss bank UBS admitted fraud and accepted a $1.5 billion fine on Wednesday for its role in manipulating global benchmark interest rates.

Four former Barclays bankers were Thursday jailed for manipulating the key inter-bank Libor interest rate, with the highest sentence being 6.5 years, Britain's Serious Fraud Office said.

Four former Barclays bankers were sentenced to between 33 months and six-and-a-half years in jail by a London judge on Thursday for conspiring to rig global benchmark interest rates.

Troubled British bank Barclays, mired in the forex and Libor rigging scandals, announced today that it has fired chief executive Antony Jenkins.

London's gold and silver markets face the possibility of a probe into price setting, putting a century-old practice under the spotlight after the Libor rigging scandal that exposed widespread interest rate manipulation by banks.

Britain's Barclays plans to cut or claw back about 450 million pounds of pay from its staff over a rate-rigging scandal that last year forced out its chief executive and chairman, a person close to the matter said on Wednesday.

Oil and equities dawdled on Monday near multi-month highs scaled after robust Chinese trade data last week, while the euro slipped to a two-week low as uncertainty surrounded a political scandal in Spain and a looming election in Italy.

Britain's Royal Bank of Scotland will pay U.S. and British authorities $612 million and plead guilty to wire fraud in Japan to settle allegations it manipulated global benchmark interest rates. RBS grew from a Scottish bank to become one of the world's largest after a series of takeovers, including the purchase of NatWest in 2000, but it was s...

Royal Bank of Scotland traders laughed and counted their profits as they rigged Libor interest rates and dubbed the London market a cartel, according to conversations published by regulators on Wednesday.

Libor, the London interbank offered rate, is a global benchmark for interest rates on everything from credit cards to trillions of dollars in financial derivatives and is at the heart of a scandal over rate rigging. Libor rates are based on daily estimates from a group of banks as to how much they would expect to pay to borrow funds from each other...

Britain's Royal Bank of Scotland will pay U.S. and British authorities $615 million and plead guilty to wire fraud in Japan to settle allegations it manipulated global benchmark interest rates.

UK banks are embroiled in two separate mis-selling scandals, and Barclays said on Tuesday it had made an extra provision of 600 million pounds to compensate customers for payment protection insurance.

Barclays said its finance director Chris Lucas and its top legal expert are to retire, adding to change at the top of the British bank as it struggles to put a series of scandals behind it.

Royal Bank of Scotland will face pressure to further shrink its investment bank should an investigation into interest rate rigging show cultural failings persist in the business, political and industry sources have said.

U.S. prosecutors charged two former UBS traders on Wednesday with taking part in a multi-year scheme to manipulate Libor and other benchmark interest rates, making them the first individuals to be criminally accused in the international scandal.

Swiss bank UBS admitted fraud and accepted a $1.5 billion fine on Wednesday for its role in manipulating global benchmark interest rates.