How the benchmark rate fixing unfolded The Libor interest-rate scandal dates back to 2005. Little known outside the City, it underpinned trillions of pounds worth of loans, mortgages and financial contracts in Europe and the US. Regulators have already imposed £1.7bn of fines on a string of the world's biggest banks, while police are pursuing criminal investigations into staff involved in rigging the rates to suit their employers. 2005 Between January 2005 and June 2009, Barclays derivatives tr...
How the benchmark rate fixing unfolded The Libor interest-rate scandal dates back to 2005. Little known outside the City, it underpinned trillions of pounds worth of loans, mortgages and financial contracts in Europe and the US. Regulators have already imposed £1.7bn of fines on a string of the world's biggest banks, while police are pursuing criminal investigations into staff involved in rigging the rates to suit their employers. 2005 Between January 2005 and June 2009, Barclays derivatives tr...
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