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Setback for big banks as court revives Libor lawsuitsA US appeals court has revived private antitrust litigation accusing major banks of conspiring to manipulate the Libor benchmark interest rate, in a big setback for their defense against investors' claims of market-rigging. Th More… |
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Bechtel rigging expert to address Dubai conferenceA top rigging expert is set to address the 'Stability in Lifting Arrangements' at a conference in Dubai, UAE. The LEEA Lifting and Rigging Conference Middle East will take place on December 14 and 15 at More… |
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TIME UP: Volkswagen boss quits over diesel scandalVolkswagen CEO Martin Winterkorn resigned on Wednesday, taking responsibility for the German carmaker's rigging of US emissions tests in the biggest scandal in its 78-year history. "Volkswagen needs a fresh start - also i More… |
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Volkswagen board to decide CEO's fateVolkswagen chief executive Martin Winterkorn faced a reckoning with his board on Wednesday, summoned to explain the falsification of US emissions tests in the biggest scandal in the 78-year history of the world's largest carmaker. More… |
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German govt denies it knew of diesel rigging technologyGermany's transport ministry has denied that it had known about the technology Volkswagen used to cheat emissions tests despite acknowledging only months ago that it knew of a general gap between 'test' and on-road emissions. More… |
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German govt denies it knew of diesel rigging technologyGermany's transport ministry has denied that it had known about the technology Volkswagen used to cheat emissions tests despite acknowledging only months ago that it knew of a general gap between 'test' and on-road emissions. More… |
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How UBS manipulated interest ratesSwiss 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… |
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UBS admits fraud; bank fined $1.5bnSwiss 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… |
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RBS 'close to $564m Libor settlement'Royal Bank of Scotland is braced for a penalty of more than 350 million pounds ($564 million) for its role in a global interest rate rigging scandal, the Sunday Times newspaper reported, without citing sources. &nb More… |
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UBS faces $1bn fine for UK Libor riggingSwiss 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… |
