Tag: Eurolibor

• Wednesday, December 19th 2012 - 20:25 UTC

  UBS fined in US, UK and Switzerland for manipulating the Libor rate

  

  Swiss banking giant UBS has agreed to pay 1.5bn dollars to US, UK and Swiss regulators for attempting to manipulate the Libor inter-bank lending rate. It becomes the second major bank to be fined over Libor after Barclays was ordered to pay 450m to UK and US authorities in the summer.

• Wednesday, July 25th 2012 - 19:33 UTC

  EC says manipulation of financial “benchmarks” to become “criminal offence”

  

  The European Commission has adopted amendments to the proposed Regulation and Directive on insider dealing and market manipulation, following the recent LIBOR and EURIBOR scandals.