Barclays must face US class action over Libor

Last Updated: Friday, August 21, 2015, 15:43

Barclays Plc shareholders who accused the British bank in a lawsuit of inflating its stock price by manipulating the interest rate known as Libor may pursue their case as a class action, a U.S. judge ruled on Thursday.

Ex-UBS, Citigroup trader jailed for 14 years for rigging Libor rates

Last Updated: Monday, August 3, 2015, 23:51

A trader who worked for UBS and Citigroup was jailed Monday for 14 years by a London court after becoming the first person to be found guilty by a jury of rigging the benchmark Libor inter-bank lending rate.

Ex-UBS, Citigroup trader convicted in UK of Libor rigging

Last Updated: Monday, August 3, 2015, 20:40

A trader who worked for UBS and Citigroup on Monday became the first person to be convicted by a jury in Britain of rigging the benchmark Libor inter-bank lending rate.

Major banks admit guilt in forex probe, fined $6 bn

Last Updated: Wednesday, May 20, 2015, 22:41

Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and six banks were fined a total of nearly $6 billion in a settlement that substantially ends a global probe into misconduct in the $5-trillion-a-day market.

UBS says not fined in currency rigging probe but must pay $342 mn

Last Updated: Wednesday, May 20, 2015, 12:33

Swiss banking giant UBS said Wednesday that the US Department of Justice had dropped charges against it after a probe into currency rigging.

Five big US, UK banks face criminal charges and $5 billion bill over FX rigging

Last Updated: Wednesday, May 20, 2015, 04:59

Five of the world`s biggest banks are expected to be hit with a combined bill of more than $5 billion and criminal charges on Wednesday in a settlement with U.S. and British authorities over rigging of currency markets.

US demands guilty plea in forex rigging deal: JPMorgan

Last Updated: Friday, May 15, 2015, 09:16

JPMorgan Chase said Thursday that the US Justice Department will require the bank to plead guilty to settle charges it conspired with other banks to rig the foreign exchange market.

Forex rigging settlements now seen next week

Last Updated: Tuesday, May 12, 2015, 23:41

Five major banks are expected to settle with US and British authorities next week for their role in rigging the foreign exchange market, a source told AFP Tuesday.

Barclays bank warns forex charge could top £2 billion

Last Updated: Wednesday, April 29, 2015, 17:49

Scandal-hit bank Barclays warned Wednesday that fines over its alleged role in foreign exchange market rigging could top £2.0 billion ($3.1 billion, 2.8 billion euros), after posting plunging first-quarter net profits.

Deutsche Bank Q1 profits fall 50% over litigation costs

Last Updated: Sunday, April 26, 2015, 21:46

Deutsche Bank said Sunday its profits fell around 50 percent year on year in the first quarter over legal costs from a rate-rigging case brought by US and British authorities.

Deutsche Bank fined record $2.5 billion in rate rigging inquiry

Last Updated: Thursday, April 23, 2015, 19:57

US and British regulators fined Deutsche Bank $2.5 billion and its British subsidiary pleaded guilty to criminal wire fraud on Thursday as it became the eighth financial group to settle allegations of rigging interest rate benchmarks.

Deutsche likely to pay more than $2 billion over Libor-rigging: Source

Last Updated: Thursday, April 23, 2015, 09:30

Deutsche Bank AG is likely to pay more than $2 billion to U.S. and U.K. authorities over the manipulation of a key interest rate benchmark, more than any other bank has been penalized over the rate rigging, a person familiar with the matter said.