Trader rate rigging

22 Oct 2018 Former Deutsche Bank trader charged in Euribor rate-rigging scandal. Andreas Hauschild was extradited to the UK on October 12 to face trial  1 Apr 2019 Euribor rate-rigging trial delivers the fraud office a much-needed win Read more: Ex-Barclays traders sentenced in Euribor rigging scandal.

28 May 2015 The trader at the centre of the Libor rate-rigging trial tried to influence other banks to manipulate the key benchmark rate to suit his own trading  A former Barclays PLC trader tried without appearing in court cannot overturn his eight-year prison sentence for rigging a key European interest rate benchmark at the height of the financial Two traders have been jailed after being convicted of conspiring to rig the Euribor global interest rate. Colin Bermingham, 62, and Carlo Palombo, 40, both former Barclays traders, were convicted Ex-Barclays Plc trader Colin Bermingham was convicted of helping to manipulate a benchmark interest rate by a London jury, the ninth conviction secured by U.K. prosecutors in a seven-year probe of rate-rigging. The jury found Bermingham guilty Thursday in a 10-2 vote following a two-month trial.

4 Dec 2013 JPMorgan Chase, Citigroup first U.S. banks to be fined in rate-rigging In the United States, the Commodity Futures Trading Commission has 

1 Apr 2019 Euribor rate-rigging trial delivers the fraud office a much-needed win Read more: Ex-Barclays traders sentenced in Euribor rigging scandal. 11 Feb 2019 CityAM - A former Barclays employee on trial for Euribor rigging has said trader Christian Bittar were privately discussing how to submit rates  21 Oct 2018 A former senior Deutsche Bank trader has been extradited to the UK to face charges of manipulating a key lending rate. Andreas Hauschild is  29 Oct 2018 Traders from JP Morgan, Barclays and Citi allegedly used chatrooms to rig benchmark exchange rates between 2007 and 2013. 4 Jul 2016 Three former Barclays traders have been found guilty of conspiring to former Barclays traders found guilty in benchmark rate rigging trial 

29 Oct 2018 Traders from JP Morgan, Barclays and Citi allegedly used chatrooms to rig benchmark exchange rates between 2007 and 2013.

1 Apr 2019 Another trader, Sisse Bohart, has been acquitted. The sentences bring to an end the biggest trial so far for rigging interest rates - in this case the  26 Mar 2019 Carlo Palombo is the latest trader found guilty of conspiring to manipulate Euribor interest rates. 17 Sep 2019 Price rigging may be used by traders to artificially inflate the price of a stock to lure in more investors. As new investors buy up shares, share  6 days ago A former Barclays PLC trader tried without appearing in court cannot overturn his eight-year prison sentence for rigging a key European interest  21 Nov 2019 Jury convicts ex-trader for FX market bid rigging exchange rates by agreeing to withhold bids or offers to avoid moving the exchange rate in a  19 Jul 2018 Two former traders, including a one-time star employee at Deutsche Deutsche Bank and Barclays traders jailed for global rate-rigging plot. 7 Dec 2019 Several bankers and traders were jailed for their part in the affair including Tom Hayes, a former UBS trader handed a 14-year jail term by a 

19 Dec 2012 traders and secured a guilty plea from the bank's Japanese subsidiary, sending a warning shot to other big banks suspected of rate rigging.

As Hayes examined his trading book, one rate mattered more than any other: the London interbank offered rate, or Libor, a benchmark that influences $350 trillion of securities and loans around the world. For traders such as Hayes, this number was the Holy Grail. And two years earlier, he had discovered a way to rig it. —Citibank trader, on a prospective new member to the cartel chatroom. The forex scandal (also known as the forex probe) is a financial scandal that involves the revelation, and subsequent investigation, that banks colluded for at least a decade to manipulate exchange rates for their own financial gain.

Rigging even minor movements in the rate can result in bumper profits for a trader manipulating the rates, or the rate can be moved simply to make a bank look more creditworthy. During the trial,

26 Mar 2019 Carlo Palombo is the latest trader found guilty of conspiring to manipulate Euribor interest rates.

11 Feb 2019 CityAM - A former Barclays employee on trial for Euribor rigging has said trader Christian Bittar were privately discussing how to submit rates  21 Oct 2018 A former senior Deutsche Bank trader has been extradited to the UK to face charges of manipulating a key lending rate. Andreas Hauschild is  29 Oct 2018 Traders from JP Morgan, Barclays and Citi allegedly used chatrooms to rig benchmark exchange rates between 2007 and 2013.