Libor

British financial giant Barclays Bank PLC on Monday reached a $100 million settlement with 44 US states and the District of Columbia over interest rate manipulation in the financial crisis era.

Four former Barclays bankers were Thursday jailed for manipulating the key inter-bank Libor interest rate, with the highest sentence being 6.5 years, Britain's Serious Fraud Office said.

Four former Barclays bankers were sentenced to between 33 months and six-and-a-half years in jail by a London judge on Thursday for conspiring to rig global benchmark interest rates.

One of five former Barclays bankers on trial for the alleged rigging of a key Libor benchmark told a court on Friday he had lied about submitting rates for traders because he felt under pressure from his manager and the bank to "toe the line".

Cairn India Ltd on Thursday said it has extended by two years the repayment of a controversial $1.25 billion loan it had extended to its parent group firm.

Deutsche Bank has agreed to settle an alleged sex discrimination and unfair dismissal case brought by a former senior employee who was fired in the wake of the Libor-rigging scandal.

Seven big banks, including Bank of America, JP Morgan, Credit Suisse and Deutsche Bank, have agreed to pay a total of $324 million to settle a lawsuit accusing them of market manipulation of interest rates.

Saudi Arabia is close to securing a $10 billion, five-year bank loan, the government's first significant foreign borrowing for over a decade, as the world's top oil exporter seeks to fill a record budget gap caused by low crude prices.

The British bank is the first to resolve claims by so-called "over-the-counter" investors that transacted directly with banks comprising a panel to determine Libor, or the London Interbank Offered Rate.

A British trader was jailed Monday for 14 years for rigging the Libor lending rate while working for UBS and Citibank, in a landmark conviction the judge said would send a message to the banking world.

Troubled British bank Barclays, mired in the forex and Libor rigging scandals, announced today that it has fired chief executive Antony Jenkins.

RBI Governor Raghuram Rajan had last month said that the central bank aims to move towards capital account convertibility as also set up a system where loans could be benchmarked against market rate, alike London Interbank Offered Rate (Libor).

German banking giant Deutsche Bank will pay $2.5 billion in fines after admitting its guilt in a multi-bank conspiracy to rig Libor interest rates, US and British authorities said on Thursday.

The Reserve Bank of India's plan to introduce an external benchmark rate, like the Libor or London Interbank Offered Rate, for better pricing of various financial products is likely to speed up the monetary policy transmission process, analysts said.

The committee headed by M S Sahoo, a former member of the Securities and Exchange Board of India, was given the task to review the rules on external commercial borrowings.

British financial giant Barclays Bank PLC on Monday reached a $100 million settlement with 44 US states and the District of Columbia over interest rate manipulation in the financial crisis era.

Four former Barclays bankers were Thursday jailed for manipulating the key inter-bank Libor interest rate, with the highest sentence being 6.5 years, Britain's Serious Fraud Office said.

Four former Barclays bankers were sentenced to between 33 months and six-and-a-half years in jail by a London judge on Thursday for conspiring to rig global benchmark interest rates.

One of five former Barclays bankers on trial for the alleged rigging of a key Libor benchmark told a court on Friday he had lied about submitting rates for traders because he felt under pressure from his manager and the bank to "toe the line".

Cairn India Ltd on Thursday said it has extended by two years the repayment of a controversial $1.25 billion loan it had extended to its parent group firm.

Deutsche Bank has agreed to settle an alleged sex discrimination and unfair dismissal case brought by a former senior employee who was fired in the wake of the Libor-rigging scandal.

Seven big banks, including Bank of America, JP Morgan, Credit Suisse and Deutsche Bank, have agreed to pay a total of $324 million to settle a lawsuit accusing them of market manipulation of interest rates.

Saudi Arabia is close to securing a $10 billion, five-year bank loan, the government's first significant foreign borrowing for over a decade, as the world's top oil exporter seeks to fill a record budget gap caused by low crude prices.

The British bank is the first to resolve claims by so-called "over-the-counter" investors that transacted directly with banks comprising a panel to determine Libor, or the London Interbank Offered Rate.

A British trader was jailed Monday for 14 years for rigging the Libor lending rate while working for UBS and Citibank, in a landmark conviction the judge said would send a message to the banking world.

Troubled British bank Barclays, mired in the forex and Libor rigging scandals, announced today that it has fired chief executive Antony Jenkins.

RBI Governor Raghuram Rajan had last month said that the central bank aims to move towards capital account convertibility as also set up a system where loans could be benchmarked against market rate, alike London Interbank Offered Rate (Libor).

German banking giant Deutsche Bank will pay $2.5 billion in fines after admitting its guilt in a multi-bank conspiracy to rig Libor interest rates, US and British authorities said on Thursday.

The Reserve Bank of India's plan to introduce an external benchmark rate, like the Libor or London Interbank Offered Rate, for better pricing of various financial products is likely to speed up the monetary policy transmission process, analysts said.

The committee headed by M S Sahoo, a former member of the Securities and Exchange Board of India, was given the task to review the rules on external commercial borrowings.