Libor
HBOS is understood to be at the centre of Lloyds’s admission it is one of several banks being investigated by US authorities for Libor manipulation.
Three European asset management firms have accused banks including Bank of America Corp., JPMorgan Chase & Co., HSBC Holdings Plc, Barclays Bank Plc and Credit Suisse Group AG of conspiring to manipulate Libor.
Citigroup Inc., Deutsche Bank AG, Bank of America Corp. and JPMorgan Chase & Co. have been asked by the SEC to make employees available as witnesses in a probe of potential interest-rate manipulation.
Other Libor articles
Regulators in the UK, US and Japan will widen their probe into Libor fixing in the banking sector to include more than 15 banks, according to insiders.
RBS chief executive Stephen Hester has told MPs he considers his remuneration package to be low by industry standards.
UBS is being investigated by US regulators for allegedly manipulating Libor, the rate at which banks lend to each other.
Britain is at risk of sliding into a Japan-style period of deflation, according to a Bank of England policymaker.
Low interest rates mean a quarter of UK homeowners are at least £200 a month better off today than they were this time last year, according to the Bank of England (BoE).
There is growing fear of inflation in the UK and US markets as shown by increasing demand for government securities offering protection from rising prices, reports the Financial Times.
The average shelf-life of a mortgage product fell to 14 days in June, almost half the amount of time they were available in the previous month, according to the latest monthly Moneyfacts Treasury Report on UK Mortgage Trends.
Further enhancements to the current system for producing, checking and verifying LIBOR have been announced today by the British Bankers' Association (BBA).
The cost of inter-bank lending has decreased markedly in reaction to the Bank of England’s base rate cut, falling by over 1% today.
Inter-bank lending rates have hit their highest point for more than seven years last night despite intervention from central banks, according to the British Bankers’ Association (BBA).
Previous Next 
Most read articles
Most commented articles
Viewpoints
At the start of one of busiest times of year it is easy to think about all the obvious things...
In Focus
Transferring clients’ assets between organisations can be a major headache – often time...
Latest jobs
£25k - £30k + Excellent Bonus: Drew Chapman Search and Selection: Excellent opportunity for a part qualified IFA Sales Support Administrator looking for a position whereby they can assume further responsibility London
Coffee Lounge
Not only is there a huge selection of games but why not try your hand at our Daily Sudoku
The 50 best apps for advisers (part two)
Advisers face extra FSCS bill for £13m CfD failure
RBS pays out £500k after mis-selling annuity to dying man
FSA cautions on platform shareholdings
Five reasons why the FOS must not 'name and shame'