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Apr 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Markets » Libor

Lloyds bank sacks eight staff after rate-rigging probe
Libor

Lloyds bank sacks eight staff after rate-rigging probe

Lloyds Banking Group has sacked eight workers and withheld bonuses in disciplinary measures linked to the Libor interest rate-rigging scandal, the state-rescued lender said on Monday. Earlier this year, Lloyds was fined £218 million ($353 million, 279 mil
Published 30 Sep, 2014 12:00am
Lloyds bank sacks eight staff after rate-rigging probe
Libor

Lloyds bank sacks eight staff after rate-rigging probe

Lloyds Banking Group has sacked eight workers and withheld bonuses in disciplinary measures linked to the Libor interest rate-rigging scandal, the state-rescued lender said on Monday. Earlier this year, Lloyds was fined £218 million ($353 million, 279 mil
Published 30 Sep, 2014 12:00am
Cocoa surges on output fears over Ebola outbreak
Libor

Cocoa surges on output fears over Ebola outbreak

Cocoa soared to 3.5-year highs this week on fears the Ebola outbreak could reach Ghana and Ivory Cost, the two biggest producers of the commodity used to make chocolate. Brent oil prices however tumbled to two-year lows on worries over ample supplies and
Published 28 Sep, 2014 12:00am
UK to widen law against benchmark rigging, aims for year-end
Libor

UK to widen law against benchmark rigging, aims for year-end

Britain plans to extend laws criminalising the rigging of Libor interest rates to seven other financial benchmarks by the end of this year, the finance ministry said on Thursday. The Treasury launched a consultation on widening the legislation to a range
Published 26 Sep, 2014 12:00am
Barclays takes $77 million hit from British and US fines
Libor

Barclays takes $77 million hit from British and US fines

British bank Barclays was hit with a combined $77 million in fines from British and US regulators on Tuesday as the lender continues to be dogged by problems from its past. Barclays was fined 38 million pounds ($62 million) by Britain's Financial Conduct
Published 24 Sep, 2014 12:00am
Swiss central bank lowers growth outlook, holds key rate
Libor

Swiss central bank lowers growth outlook, holds key rate

Switzerland's central bank held its key interest rate steady on Thursday and restated its pledge to hold down the value of the Swiss franc, but warned the economic outlook had "deteriorated considerably". The Swiss National Bank (SNB) maintained its targe
Published 20 Sep, 2014 12:00am
Barclays picks chairman to oversee revamp
Libor

Barclays picks chairman to oversee revamp

Barclays has appointed banking and insurance veteran John McFarlane as its new chairman to oversee the British bank's efforts to stamp out wrongdoing and improve performance. McFarlane, a Scot, will step down as chairman of British insurer Aviva and take
Published 13 Sep, 2014 12:00am
Bitcoin gets boost as US watchdog approves first swap
Libor

Bitcoin gets boost as US watchdog approves first swap

TeraExchange on Friday launched a swap based on the bitcoin virtual currency, becoming the first to receive approval from a US federal regulator for a financial product based on the budding technology. The derivative allows clients to protect the value of
Published 13 Sep, 2014 12:00am
Bitcoin gets boost as US watchdog approves first swap
Libor

Bitcoin gets boost as US watchdog approves first swap

TeraExchange on Friday launched a swap based on the bitcoin virtual currency, becoming the first to receive approval from a US federal regulator for a financial product based on the budding technology. The derivative allows clients to protect the value of
Published 13 Sep, 2014 12:00am
Banks join forces in push for coordinated FX settlement
Libor

Banks join forces in push for coordinated FX settlement

Banks caught up in the British investigation into alleged manipulation of global currency markets are pushing for a coordinated settlement that would reduce their exposure to potential reputational damage, banking and legal sources told Reuters. In the ye
Published 13 Sep, 2014 12:00am
The truth about Xi's visit
Libor

The truth about Xi's visit

Officials in Islamabad and Beijing announced last Saturday that they had decided to postpone Chinese President Xi Jinping's visit to Pakistan because of the political impasse in the country. President Xi was due in Islamabad on 15th September for a two-da
Published 10 Sep, 2014 12:00am