Decoding interest rate swap quotes can be simple with the right guidance. Our article offers key insights and practical tips ...
Tom Hayes has won a final bid to quash a conviction that made him the first trader jailed for Libor interest rate rigging, after a decade spent trying to clear his name. The UK's Supreme Court allowed ...
MCLEAN, Va., Dec. 22, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that it will transition its legacy U.S. dollar (USD) LIBOR-indexed contracts to an index based on the Secured ...
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A $400 million lawsuit against UBS is designed to punish banks who throw employees to the wolves
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.
Any reference to a specified source for USD LIBOR shall be replaced with the publication of the applicable Board-selected benchmark replacement (inclusive of the applicable tenor spread adjustment) by ...
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City traders’ criminal convictions overturned by Supreme Court after decade-long legal battle
Former City traders convicted of the rate-rigging scandal have had their criminal charges overturned by the top UK court after years of fighting. The Libor scandal involved the manipulation of the ...
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