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Andrew Lo, MIT Professor of Finance The Libor scandal was a series of fraudulent actions connected to the Libor (London Inter-bank Offered Rate) and also the resulting investigation and reaction. Libor is an average interest rate calculated through submissions of interest rates by major banks across the world. The scandal arose when it was discovered in 2012 that banks were falsely inflating ...
Website. nickleeson.com. Nicholas William Leeson[2] (born 25 February 1967) is an English former derivatives trader whose fraudulent, unauthorised and speculative trades resulted in the 1995 collapse of Barings Bank, the United Kingdom's second oldest merchant bank.
Barclays International. Website. home.barclays. Barclays plc (/ ˈbɑːrkliz /, occasionally /- leɪz /) is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.
Three former Barclays <BARC.L> executives face a London jury in a high-profile criminal trial over how the British bank secured billions of pounds from Qatari investors and averted a taxpayer ...
Three former Barclays bankers were cleared Friday of fraud over a 4 billion-pound ($5.2 billion) investment deal with Qatar at the height of the global financial crisis in 2008. The three men ...
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The forex scandal (also known as the forex probe) is a 2013 financial scandal that involves the revelation, and subsequent investigation, that banks colluded for at least a decade to manipulate exchange rates on the forex market for their own financial gain. Market regulators in Asia, Switzerland, the United Kingdom, and the United States began ...
In June 2012, Barclays was fined £59.5 million by the FSA (£290 million in total) for "serious, widespread breaches of City rules relating to the Libor and Euribor rates". [30] [31] The bank had been found to have lied, sometimes to make a profit, and other times to make the bank look more secure during the financial crisis. [32]