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LIBOR, the London Interbank Offered Rate, is the average interest rate estimated by leading banks in London that they would be charged if borrowing from other banks.


No Libor evidence found against Deutsche's co-CEO

Deutsche Bank - Foyer Bridge

Germany’s financial regulator found no evidence during a two-year probe that Deutsche Bank co-Chief Executive Officer Anshu Jain knew about or participated in possible interest rate manipulation, newspaper Handelsblatt reported.

Ex-UBS trader a prisoner in his own country

Swiss Flag

Ex-UBS trader Roger Darin, facing U.S. charges of manipulating Libor, a financial benchmark, claims he’s in a “Kafkaesque situation” that bars him from working or leaving his home country of Switzerland.

Libor traders may avoid fine after deadline passes

Alarm Clock Bed

Traders facing penalties from British regulators over their involvement in rigging Libor may avoid being fined after the U.K. Financial Conduct Authority missed a deadline to take action, three people with knowledge of the matter said.


Barclays Bike

Ex-Barclays traders sue over legal fees

Three former Barclays traders charged in the U.K. with manipulating Libor sued the bank in a U.S. court claiming it’s obligated to keep paying their legal fees under a law protecting whistle-blowers.