And I'm Audie Cornish. On Wall Street, many things are bought and sold, including, occasionally, interest rates. That happened today. The owner of the New York Stock Exchange bought LIBOR, a hugely ...
The more the world learns about international banking, the more it looks like a "cheating culture." We hear about the growing LIBOR scandal and what it could mean for $350 trillion in contracts from ...
In a lawsuit made public on Monday, Tom Hayes accused UBS, his former employer, of malicious prosecution, alleging that the bank misled federal authorities and “retroactively blam[ed]” Hayes for ...
In August 2015, former UBS banker Tom Hayes sat in a London courtroom after being found guilty of eight counts of conspiracy to defraud, for his involvement in the Libor interest-rate rigging scandal.
(Reuters) -Tom Hayes, the former trader who was a face of the global Libor-rigging scandal before his conviction was overturned in July, sued his former employer UBS for more than $400 million, saying ...
The former banker spent five years in prison for his involvement in the manipulation of the benchmark rate. UnitedHealth Group Reports Earnings on Tuesday. What to Expect. UnitedHealth stock is down ...
LONDON (Reuters) - The British government ordered an independent review into the workings of key lending rates between banks, after Barclays was found guilty of rigging them, and summoned the bank's ...
The latest global financial scandal may be the biggest of all, involving a benchmark used to set interest rates for contracts worldwide. It's the London Interbank Offered Rate, or LIBOR. As the world ...
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