Saturday 23 November 2024
 
»
Tag
 
»
LIBOR

UBS to pay $545m over forex scandal

UBS will pay $545 million to US authorities to end an investigation into alleged manipulation of currency rates, a settlement that will help the Swiss bank to move on after a series of trading scandals. The amount was lower than e

More…

Dubai Duty Free repricing $1.75bn loan

Airport retailer Dubai Duty Free (DDF) is set to reprice a $1.75 billion, six-year syndicated loan that signed in July 2012, banking sources close to the deal said.   The ori

More…

Libor likely to be replaced by dual-track system

A dual-track system, including survey-based lending rates along with transaction-linked indices, is likely to replace scandal-hit London interbank lending rate Libor as soon as next year, the Financial Times reported on its website on Sunday.

More…

How gold, silver prices are 'fixed'

  London's gold and silver markets face the possibility of a probe into price setting, putting a century-old practice under the spotlight after the Libor rigging scandal that exposed widespread interest rate manipulation by b

More…

United Arab Bank obtains $125m club loan

Sharjah-based United Arab Bank has secured a club loan worth $125 million for general corporate purposes, a company statement said on Wednesday. The two-year facility, which can be extended to three years, was signed at a margin o

More…

How UBS manipulated interest rates

  Swiss bank UBS has been fined $1.5 billion by British, Swiss and US regulators to settle charges of manipulating global benchmark interest rates.   UBS said on Wednesday it will pay $1.2 billion t

More…

UBS admits fraud; bank fined $1.5bn

  Swiss bank UBS was hit with a $1.5 billion bill and admitted to fraud on Wednesday in order to settle charges of manipulating global benchmark interest rates.   The penalty agreed with US, UK and

More…

UBS faces $1bn fine for UK Libor rigging

Swiss bank UBS faces a fine of about $1 billion next week to settle charges of rigging the London interbank offered rate (Libor) interest rate benchmark, a person familiar with the situation said. Such a penalty would be more than

More…

UK watchdog delivers new plan to fix Libor

Britain's top financial watchdog delivered a 10-point plan to fix Libor but stopped short of scrapping the benchmark interest rate in a much-awaited reform of a system plagued by scandal. "The system is broken and needs a

More…

Nakheel offers lenders repayment after 4.5 years

Dubai-based developer Nakheel, restructuring $10.9 billion in debt, has offered lenders repayment after four and a half years at a rate of 4 percent on a portion of its debt, sources familiar with the deal said. The terms of the restructur

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads