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Freddie Mac sues big banks over Libor rigging
Mar 20, 2013 13:00 EDT
US government-controlled mortgage giant Freddie Mac has sued more than a dozen of the world's biggest banks over losses from the alleged rigging of the Libor interest rate.
UBS poised to quit scandal-hit Euribor panel
Mar 19, 2013 07:34 EDT
Swiss financial giant UBS said Tuesday it was poised to quit the panel which sets the Euribor benchmark rate for lending in euros between banks, becoming the latest player to leave.
Royal Bank of Scotland net loss triples to £6 bn
Feb 28, 2013 09:47 EST
Britain's bailed-out Royal Bank of Scotland on Thursday posted its fifth straight annual loss for 2012, when it was hit by a string of scandals, but added that its boss would still take a deferred bonus.
Treasury considers RBS share give-away: reports
Feb 16, 2013 00:21 EST
The Treasury insisted Saturday it would dispose of its majority stake in the Royal Bank of Scotland "at the appropriate moment" amid reports ministers were considering a share giveaway.
Britain considers RBS share give-away: reports
Feb 15, 2013 23:33 EST
Britain's finance ministry insisted Saturday it would dispose of its majority stake in the Royal Bank of Scotland "at the appropriate moment" amid reports ministers were considering a share giveaway.
Barclays axes 3,700 jobs after scandal-hit year
Feb 12, 2013 13:01 EST
Britain's troubled Barclays bank will axe at least 3,700 jobs this year, it announced on Tuesday after revealing that it plunged into the red in 2012 amid the notorious Libor rate-rigging crisis.
London stocks close higher
Feb 12, 2013 12:53 EST
London shares closed higher on Tuesday, led by Barclays as it cheered investors by announcing cost-cutting measures.
Barclays to cut 3,700 jobs after 'reputational damage'
Feb 12, 2013 04:51 EST
Barclays will cut at least 3,700 jobs this year and slash costs, the scandal-hit bank announced on Tuesday as it also revealed that it had plunged into an annual net loss amid the Libor rate-rigging crisis.
Barclays says to cut at least 3,700 jobs this year
Feb 12, 2013 03:32 EST
Barclays said on Tuesday it intended to cut at least 3,700 jobs this year and the bank, hit by the Libor rate-rigging scandal, added that it had plunged into an annual net loss.
Royal Bank of Scotland boss defends right to bonus
Feb 11, 2013 16:26 EST
Royal Bank of Scotland boss Stephen Hester defended his right to a bonus on Monday, one week after the bank was fined $612 million (453 million euros) over Libor rate rigging.
Barclays bank set to slash costs, axe 2,000 jobs: reports
Feb 11, 2013 11:59 EST
Troubled bank Barclays is set to axe annual costs by £2.0 billion and cut 2,000 investment bank jobs, media reports said Monday on the eve of its 2012 results.
RBS fined $610 mn, settles Libor probe
Feb 06, 2013 23:09 EST
State-rescued Royal Bank of Scotland said it will pay fines totalling $612 million (453 million euros) to US and British regulators to settle allegations of Libor interest rate rigging.
Royal Bank of Scotland fined $612 mn, settles Libor probe
Feb 06, 2013 13:13 EST
State-rescued Royal Bank of Scotland will pay fines totalling $612 million (453 million euros) to US and British regulators to settle allegations of Libor interest rate rigging, it announced on Wednesday.
European stock markets slump, RBS shares rise
Feb 06, 2013 13:12 EST
Most major European stock markets fell on Wednesday but London eked out a gain as shares in the Royal Bank of Scotland rose despite the bank facing big fines over the Libor rate-rigging scandal.
London shares close higher as RBS takes Libor hit
Feb 06, 2013 12:37 EST
London shares closed higher on Thursday as Royal Bank of Scotland announced a deal to pay fines totalling $612 million for its involvement in the Libor rate-rigging scandal, dealers said.
Royal Bank of Scotland fined $612 mn to settle Libor probe
Feb 06, 2013 11:02 EST
State-rescued Royal Bank of Scotland will pay fines totalling $612 million (453 million euros) to US and British regulators to settle allegations of Libor interest rate rigging, it announced on Wednesday.
RBS to pay $612 mn in Libor rate-rigging fines
Feb 06, 2013 09:34 EST
Royal Bank of Scotland said on Wednesday it had agreed to pay $612 million (453 million euros) to US and British regulators to settle allegations of trying to rig the key Libor interest rate.
US-British Libor rate-rigging fines total $612 mn: RBS
Feb 06, 2013 09:03 EST
Royal Bank of Scotland said on Wednesday it had agreed to pay $612 million (453 million euros) to US and British regulators to settle allegations of trying to rig the key Libor interest rate.
European stock markets mostly fall
Feb 06, 2013 07:00 EST
European stock markets mostly fell on Wednesday but London's FTSE gained as Royal Bank of Scotland shares rose even though the bank said that it faces big fines over the Libor rate-rigging crisis.
RBS bank to pay 'significant penalties' over Libor
Feb 06, 2013 05:41 EST
Royal Bank of Scotland on Wednesday said it expected to pay "significant penalties" and face other sanctions from British and US financial regulators over its role in the Libor rate-rigging scandal.
