U.S. set to reveal criminal charges against ICAP staff in Libor - TopicsExpress



          

U.S. set to reveal criminal charges against ICAP staff in Libor probe: WSJ September 25, 2013 Print Version Source: Reuters The U.S. Justice Department is expected to disclose criminal charges against former and current employees of ICAP Plc (IAP.L) as soon as Wednesday for allegedly manipulating benchmark interest rates, the Wall Street Journal reported, citing people familiar with the planned charges. Authorities in the United Kingdom and United States are also expected to announce civil settlements against the broker-dealer on Wednesday, sources familiar with the matter told Reuters. Britain’s ICAP may pay less than $100 million to settle the civil probe into the alleged rigging of the London Interbank Offered Rate, or Libor, and other benchmarks on which are based interest rates for trillions of dollars of loans, the Journal said on Sunday, citing sources. In the Libor probe four individuals have been charged to date. Read more
Posted on: Wed, 25 Sep 2013 22:52:10 +0000

Trending Topics



Recently Viewed Topics




© 2015