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RBI eases rules for loans to exporters

Last Updated: Wednesday, May 21, 2014, 15:47

The RBI also said banks cannot charge interest rates exceeding 200 basis points above LIBOR.

Barclays must face US lawsuit over Libor, court rules

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.

US FDIC sues major banks over Libor manipulation

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.

US FDIC sues major banks over Libor manipulation

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.

RBS unit in Japan to pay $50 million over Libor

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.

EU to hit banks with huge fines over rate-rigging: Report

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.

Fannie Mae sues 9 giant banks over Libor losses

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.

Barclays drawn into foreign exchange probe: Statement

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.

Dutch Rabobank fined 774 mn euros over Libor scandal

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.

ECB backs search for new benchmark to replace Euribor

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.

British banks announce Libor rate-setting reform

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.

Libor Scandal: RBS fined $612 million

Last Updated: Thursday, February 07, 2013, 11:04

RBS has been penalised to settle allegations it manipulated benchmark interest rates.