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 ...
Recent cases show that DOJ prosecutions of financial market misconduct, like FX and LIBOR manipulation, often face legal setbacks due to flawed evidence or instructions. These rulings question whether ...
LONDON (Reuters) - The final countdown to Libor's demise is now clear and there will be checks that senior bankers are ending use of the interest rate benchmark by the end of 2021, the Bank of England ...
NEW YORK (Reuters) - Deutsche Bank AG has agreed to pay $240 million to settle private U.S. antitrust litigation accusing it of conspiring with other banks to manipulate the Libor benchmark interest ...
For many years, LIBOR, or the London Inter-Bank Offered Rate, served as a globally accepted benchmark, deriving rates from the U.S. dollar, the British pound, the Euro, the Swiss franc and the ...
A jumbo countdown timer has been sitting on Tom Wipf’s desk in Morgan Stanley’s New York office for the past four years, ticking down the seconds until midnight on June 30. That is the moment when the ...
In an update earlier last year, we highlighted the ongoing legal developments in connection with key cases surrounding the London InterBank Offered Rate (LIBOR) manipulation scandal with respect to a ...
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