Trader rate rigging

The scandal arose when it was discovered that banks were falsely inflating or deflating their rates so as to profit from trades, or to give the impression that they 

The U.S. Department of Justice on Friday urged a New York federal court to deny a bid by three London-based foreign exchange traders to escape charges that they conspired to rig foreign exchange LONDON, Jan 11 (Reuters) - The U.S. Justice Department’s charges against three former currency traders on Tuesday brought a new twist to a rigging scandal that engulfed the world’s largest financial market, saw dozens of traders fired and big banks fined around $10 billion. Forex Traders Say Rate-Rigging Claims Fall Short. By Stewart Bishop. Law360, New York (March 26, 2018, 4:22 PM EDT) -- Three London-based foreign currency exchange traders on Monday asked a A lawyer for a former JPMorgan Chase & Co. trader on trial for scheming to rig foreign currencies slammed the government’s case, telling jurors that prosecutors are unfairly simplifying the market. Many of the traders identified in the Competition Commission’s currency-rigging case against major banks are still employed by them, and some are still on the banks’ trading floors. 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 What is rate rigging? There's a thing called the bank bill swap reference rate. From now on, let's call it the BBSW, because everyone else does. It's the reference point used to set interest rates

3 Aug 2015 A jury convicted former UBS and Citigroup trader Tom Hayes of rigging the London interbank offered rate, or Libor. The sentence is the first 

26 Mar 2019 Ex-Barclays trader convicted in Euribor rigging scandal. Carlo Palombo found guilty of role in interbank lending rate fixing. Tue, Mar 26, 2019,  1 Apr 2019 Former Barclays trader Carlo Palombo has been found guilty of Eighth EURIBOR rate-rigging conviction by the Serious Fraud Office. 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. 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.

3 Aug 2015 A jury convicted former UBS and Citigroup trader Tom Hayes of rigging the London interbank offered rate, or Libor. The sentence is the first 

23 Apr 2015 If there's one thing the government's widespread, multiyear rate-rigging probe has taught us, it's that Wall Street traders are a colorful bunch. 4 Jul 2016 fines, the UK has convicted precisely five people for rigging interest rates including former UBS and Citigroup trader Tom Hayes (paywall),  3 Aug 2015 A jury convicted former UBS and Citigroup trader Tom Hayes of rigging the London interbank offered rate, or Libor. The sentence is the first 

26 Mar 2019 Ex-Barclays trader convicted in Euribor rigging scandal. Carlo Palombo found guilty of role in interbank lending rate fixing. Tue, Mar 26, 2019, 

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 

4 Jul 2016 fines, the UK has convicted precisely five people for rigging interest rates including former UBS and Citigroup trader Tom Hayes (paywall), 

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

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.