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 ...

On Monday, the National Credit Union Administration filed the latest blockbuster complaint, opens new tab based on banks’ manipulation of the benchmark London Interbank Offered Rate. On behalf of five ...

LONDON (Reuters) - A British court will this week consider whether attempted manipulation of the benchmark interest rate Libor can invalidate loans and other deals or show that banks mis-sold products ...

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 ...

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 ...

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 ...

LONDON — Britain’s Supreme Court on Wednesday quashed the convictions of two financial market traders accused of manipulating benchmark interest rates in one of the biggest scandals to come out of the ...

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 ...

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 ...

When the LIBOR interest-rate fixing scandal broke wide open over the summer, I asked whether it was “The Crime of the Century.” The answer to that question relied on whether banks were understating ...

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 ...