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May 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Markets » Libor

Lloyds bank says interim net profits more than halve
Libor

Lloyds bank says interim net profits more than halve

Britain's state-rescued Lloyds Banking Group said on Thursday that net profits slumped 57 percent in the first half, hit by compensation for insurance mis-selling and fines over Libor rate rigging. Earnings after taxation dived to £665 million ($1.125 bil
Published 01 Aug, 2014 12:00am
Lloyds bank says interim net profits more than halve
Libor

Lloyds bank says interim net profits more than halve

Britain's state-rescued Lloyds Banking Group said on Thursday that net profits slumped 57 percent in the first half, hit by compensation for insurance mis-selling and fines over Libor rate rigging. Earnings after taxation dived to £665 million ($1.125 bil
Published 01 Aug, 2014 12:00am
Lloyds bank fined £218 million over Libor rigging
Libor

Lloyds bank fined £218 million over Libor rigging

Britain's Lloyds Banking Group said Monday it will pay £218 million in fines to British and US regulators, becoming the latest global lender to be fined for rigging interbank lending rates. The punishment, worth $370 million or 276 million euros, is the l
Published 29 Jul, 2014 12:00am
Lloyds bank fined £218 million over Libor rigging
Libor

Lloyds bank fined £218 million over Libor rigging

Britain's Lloyds Banking Group said Monday it will pay £218 million in fines to British and US regulators, becoming the latest global lender to be fined for rigging interbank lending rates. The punishment, worth $370 million or 276 million euros, is the l
Published 29 Jul, 2014 12:00am
Lloyds bank fined £218 million over Libor rigging
Libor

Lloyds bank fined £218 million over Libor rigging

Britain''s Lloyds Banking Group said Monday it will pay £218 million in fines to British and US regulators, becoming the latest global lender to be fined for rigging interbank lending rates. The punishment, worth $370 million or 276 million euros, is the
Published 29 Jul, 2014 12:00am
HSBC, Deutsche Bank named in US suit for silver price-fix
Libor

HSBC, Deutsche Bank named in US suit for silver price-fix

HSBC, Deutsche Bank and Canada's Bank of Nova Scotia have been accused of conspiring to fix the price of silver in a US lawsuit filed in federal court in New York. Plaintiff Scott Nicholson, an investor from the north-western US state of Washington, said
Published 27 Jul, 2014 12:00am
HSBC, Deutsche Bank named in US suit for silver price-fix
Libor

HSBC, Deutsche Bank named in US suit for silver price-fix

HSBC, Deutsche Bank and Canada's Bank of Nova Scotia have been accused of conspiring to fix the price of silver in a US lawsuit filed in federal court in New York. Plaintiff Scott Nicholson, an investor from the north-western US state of Washington, said
Published 27 Jul, 2014 12:00am
HSBC, Deutsche Bank named in US suit for silver price-fix
Libor

HSBC, Deutsche Bank named in US suit for silver price-fix

HSBC, Deutsche Bank and Canada''s Bank of Nova Scotia have been accused of conspiring to fix the price of silver in a US lawsuit filed in federal court in New York. Plaintiff Scott Nicholson, an investor from the north-western US state of Washington, said
Published 27 Jul, 2014 12:00am
Big Gadani power project marred by bigger violations
Libor

Big Gadani power project marred by bigger violations

Stakeholders, including Chairman Central Development Working Party (CDWP) headed by Minister for Planning, Development and Reforms Ahsan Iqbal, have pointed out serious violations in Nawaz Sharif government's flagship Gadani Power Park designed to establi
Published 23 Jul, 2014 12:00am
Big Gadani power project marred by bigger violations
Libor

Big Gadani power project marred by bigger violations

Stakeholders, including Chairman Central Development Working Party (CDWP) headed by Minister for Planning, Development and Reforms Ahsan Iqbal, have pointed out serious violations in Nawaz Sharif government's flagship Gadani Power Park designed to establi
Published 23 Jul, 2014 12:00am
Big Gadani power project marred by bigger violations
Libor

Big Gadani power project marred by bigger violations

Stakeholders, including Chairman Central Development Working Party (CDWP) headed by Minister for Planning, Development and Reforms Ahsan Iqbal, have pointed out serious violations in Nawaz Sharif government''s flagship Gadani Power Park designed to establ
Published 23 Jul, 2014 12:00am
G20 watchdog orders Libor alternatives by 2016 in benchmark reform
Libor

G20 watchdog orders Libor alternatives by 2016 in benchmark reform

Global regulators will implement a twin-track approach to ensuring interest rate benchmarks are less prone to manipulation, recommending safeguards to the current system as well as developing alternatives. Ten banks and brokerages including Barclays and U
Published 23 Jul, 2014 12:00am
G20 watchdog orders Libor alternatives by 2016 in benchmark reform
Libor

G20 watchdog orders Libor alternatives by 2016 in benchmark reform

Global regulators will implement a twin-track approach to ensuring interest rate benchmarks are less prone to manipulation, recommending safeguards to the current system as well as developing alternatives. Ten banks and brokerages including Barclays and U
Published 23 Jul, 2014 12:00am
G20 watchdog orders Libor alternatives by 2016 in benchmark reform
Libor

G20 watchdog orders Libor alternatives by 2016 in benchmark reform

Global regulators will implement a twin-track approach to ensuring interest rate benchmarks are less prone to manipulation, recommending safeguards to the current system as well as developing alternatives. Ten banks and brokerages including Barclays and U
Published 23 Jul, 2014 12:00am
Foreign exchange rigging: Britain opens criminal probe
Libor

Foreign exchange rigging: Britain opens criminal probe

Britain's fraud agency on Monday said it has launched a criminal probe on Monday into allegations of price rigging in foreign exchange markets. The investigation into "fraudulent conduct" comes after EU, British, and US and other regulators have levied hu
Published 22 Jul, 2014 12:00am
Foreign exchange rigging: Britain opens criminal probe
Libor

Foreign exchange rigging: Britain opens criminal probe

Britain's fraud agency on Monday said it has launched a criminal probe on Monday into allegations of price rigging in foreign exchange markets. The investigation into "fraudulent conduct" comes after EU, British, and US and other regulators have levied hu
Published 22 Jul, 2014 12:00am
Foreign exchange rigging: Britain opens criminal probe
Libor

Foreign exchange rigging: Britain opens criminal probe

Britain''s fraud agency on Monday said it has launched a criminal probe on Monday into allegations of price rigging in foreign exchange markets. The investigation into "fraudulent conduct" comes after EU, British, and US and other regulators have levied h
Published 22 Jul, 2014 12:00am
Want euros in London? Don't ask your bank
Libor

Want euros in London? Don't ask your bank

From a small, white-washed basement close to London's Liverpool Street station, Sakthi Ariaratnam is beating banks at what you would have thought was their own game - and it is relatively easy. On a recent Tuesday morning in the heart of London's City fin
Published 21 Jul, 2014 12:00am
UK fraud office to launch currency trading probe
Libor

UK fraud office to launch currency trading probe

Britain's Serious Fraud Office is poised to begin its first criminal investigation of alleged rigging by traders in the foreign exchange market, the Sunday Times reported. The SFO, which is already conducting a criminal probe into the rigging of benchmark
Published 21 Jul, 2014 12:00am