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May 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Markets » Libor

ADB approves $1 billion loan for Kazakhstan's slowing economy
Libor

ADB approves $1 billion loan for Kazakhstan's slowing economy

The Asian Development Bank approved on Friday a $1 billion loan for Kazakhstan to help stabilise its economy hit by low world oil prices. The announcement comes a day after Kazakhstan, which had lost competitiveness to trading rivals during a wave of deva
Published 22 Aug, 2015 12:00am
Nerves mount over StanChart regulatory capital deal
Libor

Nerves mount over StanChart regulatory capital deal

Standard Chartered may have completed its latest regulatory capital relief deal - a US $165m four-year synthetic securitisation of credit risk tied to a portfolio of trade finance receivables - in the nick of time. Although it yields a hefty 9.28%, the de
Published 18 Aug, 2015 12:00am
Swiss National Bank still ready to intervene: Zurbruegg
Libor

Swiss National Bank still ready to intervene: Zurbruegg

Switzerland's central bank is still ready to step into currency markets if needed to rein in the Swiss franc, policymaker Fritz Zurbruegg told a newspaper, calling the franc "strongly overvalued" despite its recent dip. "We are ready to intervene if it wi
Published 09 Aug, 2015 12:00am
Trader gets 14 years in jail in UK for rigging Libor rate
Libor

Trader gets 14 years in jail in UK for rigging Libor rate

A trader who worked for UBS and Citigroup was jailed Monday for 14 years by a London court after becoming the first person to be found guilty by a jury of rigging the benchmark Libor interbank lending rate. The verdict on Tom Hayes, 35, came after a two-m
Published 04 Aug, 2015 12:00am
Deutsche Bank to freeze executive bonuses
Libor

Deutsche Bank to freeze executive bonuses

Deutsche Bank is freezing 2015 cash bonuses for current and former management board members while German regulator BaFin reviews the bank's role in an interest rate manipulation scandal, two people familiar with the matter said. Deutsche Bank has been hit
Published 01 Aug, 2015 12:00am
UBS profits jump 53 percent despite Libor guilty plea
Libor

UBS profits jump 53 percent despite Libor guilty plea

Switzerland's largest bank UBS on Monday posted a 53 percent rise in second quarter profits, in its first results since agreeing to plead guilty to fraud as part of the Libor manipulation case. The bank brought in profits of 1.2 billion Swiss francs ($1.2
Published 28 Jul, 2015 12:00am
UBS profits jump 53 percent despite Libor guilty plea
Currency

UBS profits jump 53 percent despite Libor guilty plea

Switzerland's largest bank UBS on Monday posted a 53 percent rise in second quarter profits, in its first results since agreeing to plead guilty to fraud as part of the Libor manipulation case. The bank brought in profits of 1.2 billion Swiss francs ($1.2
Published 28 Jul, 2015 12:00am