U.S. and British authorities are hours away from fining ICAP, the world’s biggest interdealer-broker, and charging current and former staff in connection with the manipulation of the Libor benchmark interest rate. The rate rigging scandal, which has laid bare the failings of regulators and bank bosses, has already seen three […]
Tag: London
Oil near $109, heads for weekly loss on Libya, Syria
Oil held near $109 a barrel on Friday and was heading for a weekly drop on the return of some Libyan output, a reduced prospect of military action against Syria and signals from Iran that it is looking for a thaw in relations with the West. Persistent concern about […]
Ibori gave me $15m bribe in bag -Ribadu
Desperate to halt a probe into his finances, former Delta State Governor James Ibori tried to bribe anti-corruption boss Nuhu Ribadu in 2007 with $15m in cash in a bag so heavy one man alone could not lift it, Ribadu told a London court on Thursday. Reuters quoted Ribadu as […]
