And I'm Audie Cornish. On Wall Street, many things are bought and sold, including, occasionally, interest rates. That happened today. The owner of the New York Stock Exchange bought LIBOR, a hugely ...
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A $400 million lawsuit against UBS is designed to punish banks who throw employees to the wolves
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.
The latest global financial scandal may be the biggest of all, involving a benchmark used to set interest rates for contracts worldwide. It's the London Interbank Offered Rate, or LIBOR. As the world ...
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