Tag Archives: LIBOR

LIBOR: The Deceit Cases Against the Banks Continue

British Pounds Tornado

Some months ago I blogged about the potential D&O coverage implications of the decision  of  Mr. Justice Flaux to allow Graiseley Properties Limited to argue its case in deceit based on the LIBOR scandal against Barclays Bank at trial. Continue reading →

5 Financial News Stories You May Have Missed: The Biggest Brother

5 Financial News Stories

This week: European LIBOR fines, trader eavesdropping, civil money penalties, Credit Unions, and Bitcoin. Continue reading →

5 Financial News Stories You May Have Missed: NYBOR?

5 Financial News Stories

Here are news stories from the week that were easy to miss, but may have some lasting impact. Continue reading →

5 Financial News Stories You May Have Missed: Opportunistic Suits

5 Financial News Stories

This week: opportunistic suits, cyber attacks, guaranteed returns, LIBOR criminals, and some pretty major fat-fingering. Continue reading →

5 Financial News Stories You May Have Missed: Clawbacks and Jelly

5 Financial News Stories

The stories that mattered in finance this week: clawbacks settlements, Libor, and jelly... Continue reading →

In re LIBOR-Based Financial Instruments Antitrust Litigation – Who Won?

U.S. District Court New York

The March 29th decision by the District Court for the Southern District of New York in  In re: LIBOR-Based Financial Instruments Antitrust Litigation is widely believed to be a significant win for the bank defendants and a  substantial setback for … Continue reading →

Libor Litigation: Coverage Dispute Clues

Libor Litigation

There has been a lot of publicity around the decision of Mr. Justice Flaux to allow Graiseley Properties Limited to argue their pleaded case at trial. What I find interesting about the case is the legal basis on which it has been … Continue reading →

How Could Anyone Have Benefited from the Alleged Manipulation of Libor Rates?

Windfall: Money From Sky

With the recent maelstrom of news alleging manipulation of Libor and estimations as to potential damages, it might also be reasonable to consider the other side of the equation: Who may have benefited from this situation? Continue reading →

Libor: The Trillion-Dollar Question

Cheating

The Libor scandal could ultimately lead to billions in potential fines and settlements, possible jail time for some, higher borrowing costs globally, and will undoubtedly lead to increased regulatory scrutiny. It may also make liability insurers become more cautious about underwriting financial service firms. Continue reading →

5 Financial News Stories You May Have Missed – And a Penalty Flag

1.The Dog Ate My Regulation. The Fed is Late Delivering the Volcker Rule. When the financial reform was being discussed shortly after the credit crisis, former Fed Chairman Paul Volcker suggested that federally insured banks should not be allowed to … Continue reading →