360° Coverage : PRESS DIGEST - British business - Nov 13

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PRESS DIGEST - British business - Nov 13

Source: Reuters, Nov 12 2012, 6:59pm CST

At least 10 senior traders at RBS have been approached by authorities in the United States in connection with a criminal investigation into alleged manipulation of Libor. The jury in the trial of the alleged "rogue trade ...

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10

1 hour ago

Hey British moaners: Germans want to be more like us | Stephen Evans

Source: Guardian Unlimited  |   May 19 2013, 1:15pm CDT

Germany is a greener society. It has a fairer voting system. A cautious, though toughening, approach to military action. Respect for – no, love of – the arts. An often serious press. A readiness to speak other languages than their own. And – gl ...

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9

1 day ago

ARM Rates

Source: San Francisco Chronicle  |   May 17 2013, 5:14pm CDT

Index This Week Last Week Year Ago 6-month CD 0.43 0.42 0.30 6-month T-bill 0.080 0.75 0.145 1-month Libor 0.20 0.20 0.24 6-month Libor 0.43 0.43 0.73 1-year TCMS 0.11 0.11 0.18 5-year TCMS 0.76 0.68 0.82 Index This Week Last Mont ...

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Click ASCII Image to Reveal Celebrity

 
Update
8

2 days ago

Oil-price manipulation: the next Libor?

Source: CNN/Money  |   May 17 2013, 11:17am CDT

Regulators have warned that benchmarks for the oil market could be manipulated in a similar way to interbank rates. The European Commission raided the offices of Shell, BP and Norway's Statoil this week as part of an investigation into suspecte ...

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Update
7

2 days ago

Wife of 'Rain Man' Pours Out Tweets

Source: Wall Street Journal  |   May 16 2013, 8:07pm CDT

By David Enrich The bank trader known as "Rain Man" finally has someone to shelter him from the storm of the Libor scandal: his wife. Tom Hayes, the former UBS AG and Citigroup Inc. trader who authorities allege played a role rig ...

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Currently Trending

 
Update
6

2 days ago

PRESS DIGEST - British Business - May 17

Source: Reuters Mobile  |   May 16 2013, 6:41pm CDT

May 17 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The City's rehabilitation of disgraced BP Plc chief Tony Hayward ...

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Update
5

3 days ago

Oil Companies Raided in Price-Fixing Probe

Source: Firedoglake  |   May 16 2013, 2:20pm CDT

The London offices of BP and Shell have been raided by European regulators investigating allegations they have “colluded” to rig oil prices for more than a decade. The European commission said its officers carried out “unannounced ...

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Recommended

 
Update
4

3 days ago

SFO 'urgently reviewing' oil price inquiry

Source: The Telegraph  |   May 16 2013, 1:06pm CDT

"The Prime Minister has said through his spokesman and the Energy and Climate Change Secretary has confirmed in Parliament that the Government expects the firms involved to comply with the investigation and if found guilty, they should fa ...

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Update
3

3 days ago

Does Big Oil fix fuel prices?

Source: Philly.com  |   May 16 2013, 11:41am CDT

"Price fixing is an evil, wicked thing," the late Sun Oil Co. (Sunoco) boss Joseph Newton Pew warned the nation and rival oilmen during the Great Depression. Pew was scolding President Roosevelt and a cabal of Texas oil operators, who was tryin ...

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Update
2

3 days ago

Britain’s changing trade links: An island of traders

Source: Economist  |   May 16 2013, 9:59am CDT

PREDICTING what the weather might do next—a great British hobby—is something 19th century city slickers needed to perfect. Trade winds would affect the number of ships arriving in Britain’s ports, which would influence the ...

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Update
1

3 days ago

Oil probe shows the slippery nature of prices

Source: Westlaw Business Currents  |   May 16 2013, 4:13am CDT

LONDON, May 16 (Reuters Breakingviews) - Even if a European Commission investigation into alleged manipulation of reported energy prices comes to nothing, it highlights a strange marketplace. In the global energy trade, billions of dollars change hands o ...

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