Decoding interest rate swap quotes can be simple with the right guidance. Our article offers key insights and practical tips ...
Tom Hayes has won a final bid to quash a conviction that made him the first trader jailed for Libor interest rate rigging, after a decade spent trying to clear his name. The UK's Supreme Court allowed ...
As if they didn’t have enough to deal with, banks are faced with a succession of serious challenges over the next two years as they face up to the reality of the end of Libor. Firstly, they must ...
Any reference to a specified source for USD LIBOR shall be replaced with the publication of the applicable Board-selected benchmark replacement (inclusive of the applicable tenor spread adjustment) by ...
In August 2015, former UBS banker Tom Hayes sat in a London courtroom after being found guilty of eight counts of conspiracy to defraud, for his involvement in the Libor interest-rate rigging scandal.
In a lawsuit made public on Monday, Tom Hayes accused UBS, his former employer, of malicious prosecution, alleging that the bank misled federal authorities and “retroactively blam[ed]” Hayes for ...