Citigroup, JPMorgan among banks fined $1.2 billion in forex probeFive banks agreed to pay EU fines of about $1.2 billion for colluding on forex trading strategies.
From a $126 million bonus to jail: The fall of a star traderThis former banker pleaded guilty to conspiring to rig the interest-rate benchmark -- Euribor.
RBI report seeks overhaul of financial benchmarking methodsRBI today suggested an overhaul of existing financial benchmarks, including steps to strengthen the quality, methodology and governance fra...
Main Euribor rate nudges lower as ECB sticks to forward guidanceECB has vowed to keep rates low or lower for an extended period of time.
- European Central Bank loans help banks reduce stress
The Euribor-OIS spread narrowed from as much as 2.07%, and is now little more than twice its typical level before the financial crisis brok...
At UBS, rate manipulators called each other 'Superman', 'Hero'The London Interbank Offered Rate and the Euro Interbank Offered Rate are benchmark reference rates used in both the UK and international f...
- RBI extends interest rate ceiling on export credit to six months
The Reserve Bank today extended the interest rate ceiling on export credit with overseas banks to six months.
- NRI economist drawn into UK bank crisis
Shriti Vadera, who worked closely with former Prime Minister Gordon Brown, has come under focus in the latest scandal that has hit British ...
Barclays agrees to pay $ 451 million penaltyOut of the total amount, Barclays would shell out 200 million pounds to CFTC and 59.5 million pounds to FSA.
- Havells India gets 714-crore debt refinancing
Delhi-based Havells India has refinanced its outstanding debt of Rs. 714 crore (102 million euros) at 350 basis points over Euribor from a ...
- RBI cuts interest rate ceiling on export credit by 150 bps
RBI on Friday slashed the maximum interest rate banks can charge on foreign currency loans extended to exporters to 200 basis points above ...
- NRIs keep faith in India, pump $513 mn in September
Non-resident Indians (NRIs) are reposing their faith in Indian banks and betting on the rupee having bottomed out. Gainers, Losers | Only: ...
- US, European interbank lending rates fall again
Key interbank lending rates in the US and Europe continued to fall Monday, suggesting that lower borrowing costs, added liquidity from cent...
- RBI cuts CRR by 100 basis points
This measure will release additional liquidity into the system of the order of Rs 40,000 crore. Stocks 52 Week: High, Low | Gainers | Loser...
- Banks hike NRI deposit rates
Banks raised interest rates on non-reisdent deposits after the Reserve Bank of India (RBI) lifted the ceiling on rates by 50 basis points t...
- RBI steps in to contain market volatility
Here are measures that RBI has announced to alleviate transient global pressures. Stocks 52 Week: High, Low | Sectoral: Gainers, Losers | O...
- NTPC ties up with NIB for Rs 410.56 crore loan
Country's top power generating utility NTPC Ltd has signed an agreement with Nordic Investment Bank (NIB) for loan of Euro 68.56 million (R...