The CFTC has charged an English interdealer broker TFS-ICAP Ltd. and its American branch TFS-ICAP LLC with fraud and supervisory failures, and is alleging that a board chairman, CEO and senior manager affiliated with the company were responsible for fraudulent conduct. The regulator’s case follows guilty pleas entered by the U.K. firm and its U.S…. Read More >>
Citi Settles Benchmark Manipulation Charges with 42 States
Citibank has settled with 42 states in a major case based on charges of fraudulent conduct via the alleged manipulation of the U.S. Dollar LIBOR benchmark interest rate and will be paying $100 million as part of a recent settlement. The LIBOR benchmark, now overseen by the ICE Benchmark Administration (IBA), helps financial services firms… Read More >>
