In an update earlier last year, we highlighted the ongoing legal developments in connection with key cases surrounding the ...

Five former Barclays traders jailed in Britain for manipulating global benchmark interest rates can mount a fresh appeal after the Criminal Cases Review ...

LONDON — Four former employees with Barclays PLC were jailed Thursday for manipulating Libor — the London Interbank Offered Rate, the United Kingdom's Serious Fraud Office said. Jonathan James Mathew ...

Michael C. Miller, a partner at Steptoe & Johnson, and Lara Romansic, of counsel at the firm, discuss rescission, which may be a potential solution to the determination of damages caused by LIBOR ...

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.

July 16 (Reuters) - The thousands of U.S. community banks have often said their much larger counterparts have trampled on them. Now some hope the latest Wall Street scandal could give them ammunition ...

The scandal over the London Interbank Offered Rate (LIBOR) —one of the most important benchmarks for interbank lending—has been heating up, as governments investigate apparent collusion to manipulate ...

Libor is calculated for multiple terms each day by the British Bankers’ Association based on submissions received from 16 global banks. The four highest and the four lowest submissions are disregarded ...

NEW YORK (Reuters) - Two former Rabobank traders on Thursday lost a bid to overturn their convictions arising from an international investigation into the manipulation of Libor, the leading global ...

LONDON, July 17 (Reuters) - Britain's financial watchdog said it had prioritised the worst cases of Libor benchmark interest rate fixing, providing a signal that the largest fines for banks' alleged ...

In a recent alert, we highlighted the United Kingdom (UK) benchmark manipulation cases of Tom Hayes and Carlo Palombo from 2015 and 2019, respectively. Hayes was the first banker to be jailed in the ...