Last Updated: Wednesday, May 21, 2014, 15:47
The RBI also said banks cannot charge interest rates exceeding 200 basis points above LIBOR.
Last Updated: Saturday, April 26, 2014, 10:19
Barclays Plc shareholders may pursue a lawsuit accusing the British bank of causing them to lose money because it manipulated the interest rate known as Libor.
Last Updated: Saturday, March 15, 2014, 09:33
The regulator said the manipulation caused "substantial losses" to 38 US banks which were shut down due to insolvency during and after the 2008 financial crisis.
Last Updated: Saturday, March 15, 2014, 05:09
The US Federal Deposit Insurance Corporation sued HSBC, Citigroup, Deutsche Bank and 12 other global banking heavyweights today for manipulation of the Libor benchmark interest rate.
Last Updated: Tuesday, January 07, 2014, 12:12
A Japanese investment banking unit of Royal Bank of Scotland Group Plc was ordered on Monday to pay a USD 50 million criminal fine after pleading guilty to wire fraud over its role in manipulating the benchmark interest rate Libor.
Last Updated: Wednesday, November 06, 2013, 09:38
The European Union is set to impose multibillion-euro fines on banks alleged to have manipulated key interest rate benchmarks Euribor and Yen Libor, the Financial Times reported on its website Tuesday.
Last Updated: Friday, November 01, 2013, 11:54
Fannie Mae Thursday sued nine giant banks plus the British Bankers Association over some USD 800 million in losses due to alleged rate-rigging manipulation in the latest fallout from the Libor scandal.
Last Updated: Wednesday, October 30, 2013, 13:53
Barclays is one of a number of companies being investigated over possible manipulation of foreign exchange trading, the British bank said on Wednesday when it announced a return to profit.
Last Updated: Tuesday, October 29, 2013, 19:24
"The Financial Conduct Authority has fined Rabobank for serious, prolonged and widespread misconduct" relating to Libor, Britain`s FCA said, echoing ruling from US and Dutch authorities.
Last Updated: Thursday, October 10, 2013, 19:11
The European Central Bank called on Thursday for the creation of a new breed of bank-to-bank lending rates to compliment and eventually take over from scandal-tainted benchmarks such as Euribor and Libor.
Last Updated: Wednesday, June 12, 2013, 17:21
The British Bankers` Association on Wednesday announced changes to Libor interest-rate transparency in a bid to avoid a repeat of last year`s rate-rigging scandal.
Last Updated: Thursday, February 07, 2013, 11:04
RBS has been penalised to settle allegations it manipulated benchmark interest rates.
more videos >>