2 Former RP Martin Executives were fined for failing to set up the right culture and putting profits ahead of regulator guidelines
The Tom Hayes sentence was initially 14 years imprisonment. He has now won a reduction in the sentence down to 11 years, but failed in his appeal to the ...
Resultantly, FCA introduces more stern punishments and accountability, since the legal requirement levying punishment from “innocent until proven guilty” will be altered.
Another Deutsche Bank FX lawsuit is in the pipeline, as the bank is facing a new case of "taking undue advantage of smaller firms" in its execution of FX
The Financial Conduct Authority (FCA) has announced the commencement of regulation of Gold, Silver, Crude amongst seven additional fixed income financial benchmark due to the scandals surrounding the manipulations of these financial instruments as the FCA launches regulation of more financial benchmarks.
Michael Ross Curtler is the latest trader to be banned in connection to the LIBOR manipulation case. He is an ex Deutsche Bank AG trader. He has now been
Deutsche Bank to plead guilty over LIBOR manipulation case, as the Bank said in a statement: “We continue to work with the authorities that are reviewing interbank offered rates matters.”
A $250 Mln fine is levied for the USD ISDAFIX manipulated by Citi. This adds to the $175 Mln fine for Yen LIBOR manipulations by Citi and it's affiliates.