The Seychelles holiday you need to book now July 24, 2023 The Seychelles is thriving. Adam Hay-Nicholls checks into a recent opening to find creative inspiration Seychellen luxury hotel Mango House will cause you to abandon your beach book and erect an easel. The charming staff have arranged for me not only a cold SeyBrew and towels, but a tray of acrylic paints. With the encouragement [...]
Former UBS banker convicted of Libor rigging wins chance for court appeal July 6, 2023 The former UBS banker convicted of Libor rigging in the UK will see his conviction referred to the Court of Appeal in a major development in his campaign to prove his innocence.
Libor-rigging: Senior MPs demand inquiry into claims parliament was ‘misled’ May 24, 2023 MPs are demanding an inquiry into claims that central banks and authorities misled parliament during their investigations into the rigging of the London Interbank Offered Rate, known as Libor. The new claims come from a new book on the Libor scandal by BBC economics correspondent Andy Verity called ‘Rigged’, which The Times is publishing extracts [...]
Central banks and governments pressured lenders to rig Libor rate, new book claims May 22, 2023 A new book alleges that banks were pressured by central banks and governments to manipulate the London Interbank Offered Rate, or Libor, in an attempt to boost confidence in the financial sector. The book, which is being serialised in The Times, claims that regulators and prosecutors knew about this pressure, but covered it up when [...]
David Davis calls for review of authorities’ role in Libor probes in light of new evidence May 18, 2023 Conservative MP David Davis has called for a review of state agencies’ role in the investigation and prosecution of traders for rigging Libor ahead of new evidence that is set to be released next week. The evidence, Davis said, will come from a new book on the Libor scandal by BBC economics correspondent Andy Verity [...]
Bowman and Hayes’ strength to be Forte-fied December 6, 2022 HAPPY Valley will be the centre of attention in Hong Kong on Wednesday, when the inner-city track hosts its flagship event of the year, the LONGINES International Jockeys’ Championship, worth around £50,000 to the rider who accumulates the most points in the four-race series. With so much money at stake, it’s not surprising that some [...]
Libor trader Tom Hayes: I’ll keep fighting to clear my name in UK after US throws out charges October 31, 2022 The former banker who spent five years inside for ‘rigging’ Libor rates has told City A.M. he feels he owes it to other convicted traders to keep fighting to clear his name. Tom Hayes, who worked at UBS, was one of a number of traders sentenced for a cumulative total of almost 50 years for [...]
Libor rigging special: Calls grow to review all convictions of City traders as ‘UK’s position is absurd’ October 31, 2022 A major City scandal that most bankers in London had left behind years ago seems to be coming back with a vengeance. In a new twist in one of the Square Mile’s biggest-ever scandals, the Libor rate-fixing case, British former trader Tom Hayes has had the long-running case against him in the United States thrown out. As [...]
Serving Aces: Food and drink that will be a love match for Wimbledon June 29, 2022 It’s officially time to board the Wimbledon hype train. But the world’s oldest tennis tournament is about more than just hitting a ball – it’s ingrained in the British social calendar. Here are some food and drinks offerings to enjoy as you watch. Mix an ‘exotic coffee’ wimbledon cocktail Wimbledon partner Lavazza has partnered with [...]
Ex-Deutsche Bank traders have Libor convictions overturned January 28, 2022 A US court has thrown out convictions of two former Deutsche Bank traders for rigging Libor, a key financial benchmark.