What Was the LIBOR Scandal? The LIBOR scandal was a highly-publicized scheme in which bankers at several major financial institutions colluded with each other to manipulate the London Interbank ...

The process is carried out for nine other currencies as well. The average—often referred to in the singular even though there are 150 rates—is called the London interbank offered rate (LIBOR). It is ...

Convicted Libor trader Tom Hayes has vowed to fight on to clear his name after losing his appeal against conviction. Hayes, who was jailed in 2015 for manipulating benchmark lending rate Libor ...