london interbank offered rate

LIBOR setting is still not clean and free of fraud, says US Commodity Futures Trading Commission

US regulator Commodity Futures Trading Commission said the way that the key LIBOR interest rate is set in the UK is still not clean and free of fraud

US regulator Commodity Futures Trading Commission said the way that the key LIBOR interest rate is set in the UK is still not clean and free of fraud. “We have a lot more work to do,” said Gary Gensler, chairman of the Commodity Futures Trading Commission. Gary Gensler suggested that the rate was often “completely [...]

Barclays Bank accused of systematic dishonesty by former chief executive Martin Taylor

Martin Taylor, the former chief executive of Barclays, says the bank has engaged in "systematic dishonesty"

Martin Taylor, the former chief executive of Barclays, says the bank has engaged in “systematic dishonesty”. It comes after Barclays was fined $450 million for trying to manipulate interest rates at which banks lend to each other. Martin Taylor, who was chief executive of the bank from 1994 to 1998, said that Barclays’ deception looks [...]

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