Barclays must face US class action over Libor
Barclays Plc shareholders who accused the British bank in a lawsuit of inflating its stock price by manipulating the interest rate known as Libor may pursue their case as a class action, a U.S. judge ruled on Thursday.
Aug 21, 2015, 15:43 PM IST
Major banks admit guilt in forex probe, fined $6 bn
Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and six banks were fined a total of nearly $6 billion in a settlement that substantially ends a global probe into misconduct in the $5-trillion-a-day market.
May 20, 2015, 22:41 PM IST
Barclays bank warns forex charge could top £2 billion
Scandal-hit bank Barclays warned Wednesday that fines over its alleged role in foreign exchange market rigging could top £2.0 billion ($3.1 billion, 2.8 billion euros), after posting plunging first-quarter net profits.
Apr 29, 2015, 17:49 PM IST
Deutsche Bank Q1 profits fall 50% over litigation costs
Deutsche Bank said Sunday its profits fell around 50 percent year on year in the first quarter over legal costs from a rate-rigging case brought by US and British authorities.
Apr 26, 2015, 21:46 PM IST
Deutsche likely to pay more than $2 billion over Libor-rigging: Source
Deutsche Bank AG is likely to pay more than $2 billion to U.S. and U.K. authorities over the manipulation of a key interest rate benchmark, more than any other bank has been penalized over the rate rigging, a person familiar with the matter said.
Apr 23, 2015, 09:30 AM IST
