LIBOR benchmark interest rates are no longer "fit for purpose" and must be changed or replaced, Britain's regulator said on Friday as he set out proposals to restore their credibility. The initial ...

In a sweeping decision that closes one of the most high-profile financial cases of the past decade, U.S. District Judge Naomi Reice Buchwald has dismissed all remaining claims in the Libor-rigging ...

A federal judge on Thursday dismissed "all remaining claims" in a slew of antitrust litigation accusing large banks of ...

Interest rates used to price financial contracts worth trillions of dollars should in future be based on actual market transactions and not banks' judgments, Bank of England Governor Mark Carney said ...

Tom Hayes, the first trader ever jailed for interest rate rigging, had his conviction overturned by Britain's top court today after a years-long fight to clear his name. The UK Supreme Court ...

BRUSSELS (Reuters) -Two new interest rate benchmarks will replace the Swiss Libor rate and the Euro Overnight Index Average (EONIA) in contracts and financial instruments from next year, the European ...

A federal judge has thrown out the last remaining claims in sprawling litigation that accused global banks of conspiring to ...

The Serious Fraud Office has admitted that the convictions it secured against five bankers for Libor interest rate-rigging may be unsafe, following the Supreme Court overturing the conviction of Tom ...

Despite clearing his name, Tom Hayes' conviction is still listed on the police national computer, meaning he cannot get a visa to visit Australia.

Recent cases show that DOJ prosecutions of financial market misconduct, like FX and LIBOR manipulation, often face legal setbacks due to flawed evidence or instructions. These rulings question whether ...