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 ...

Last week the United Kingdom’s Serious Fraud Office (SFO) announced that, as a result of the UK Supreme Court's decision in R v Hayes/Palombo, a number of convictions arising from allegations of ...

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 ...

LONDON, Nov 8 (Reuters) - Alleged manipulation of the Libor benchmark interest rate can be included in two court cases involving Barclays and Deutsche Bank, a British judge said in what could be seen ...

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 ...

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 ...

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.

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 ...

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 ...

— -- A new scandal in the banking industry is undermining its image, already tarnished by rogue trading at JPMorganChase and the 2008 subprime mortgage collapse. At the heart of the scandal: ...

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 ...

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 ...