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21 Aug 2015

Barclays must face US class action over Libor

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.

20 May 2015

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

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.

29 Apr 2015

Barclays bank warns forex charge could top £2 billion

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.

26 Apr 2015

Deutsche Bank Q1 profits fall 50% over litigation costs

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 AG

23 Apr 2015

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

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.

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