14 Jun '13, 11pm

Global interest rate-rigging crackdown escalates

Global interest rate-rigging crackdown escalates

The financial skyline of Singapore is seen at sunrise on April 22, 2013. (Photo: Wong Maye, AP) Story Highlights Traders allegedly lacked "professional ethics" Resignations, dismissals, demotions among penalties Banks ordered to post millions in extra reserves with zero interest A total of 133 traders at 20 global banks based in the U.S. or overseas attempted to manipulate foreign exchange and interest rate benchmarks in Singapore, the city-state's central bank said Friday as it disclosed the latest escalation of a global crackdown on suspected rate-rigging. While there was no conclusive finding the traders improperly influenced the benchmarks relied on for trillions of dollars in transactions including commercial loans and mortgages, the Monetary Authority of Singapore said the group's "conduct reflected a lack of professional ethics." About three-quarters of the traders ...

Full article: http://www.usatoday.com/story/money/business/2013/06/14/s...

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Singapore raps banks for rate rigging

bbc.co.uk 14 Jun '13, 12pm

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Singapore raps banks for rate rigging: Singapor...

bbc.co.uk 14 Jun '13, 12pm

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Singapore Punishes 20 Banks for Rigging Rates

cnbc.com 15 Jun '13, 8am

Singapore's central bank censured a record 20 banks on Friday after it found more than 100 traders in the city state tried...

#RBS censured and told to "set aside" $1.6 billion following Asian rate rigging probe

#RBS censured and told to "set aside" $1.6 bill...

uk.reuters.com 14 Jun '13, 12pm

By Rachel Armstrong and Kevin Lim SINGAPORE | Fri Jun 14, 2013 3:24pm BST SINGAPORE (Reuters) - Singapore's central bank c...

#OpenFollow Singapore is focus for latest rate-rigging scandal - The Guardian #Singapore

#OpenFollow Singapore is focus for latest rate-...

guardian.co.uk 14 Jun '13, 7pm

Financial regulators in Singapore have found 133 traders in 20 banks attempted to manipulate interest rate and foreign exc...

Singapore censures UK banks over attempted rate rigging

Singapore censures UK banks over attempted rate...

telegraph.co.uk 14 Jun '13, 2pm

The Monetary Authority of Singapore has ordered the 20 banks to set aside up to S$12bn (£6bn) in additional reserves at ze...

Singapore authorities rap banks in rate rigging...

bbc.co.uk 14 Jun '13, 12pm

14 June 2013 Last updated at 12:28 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Sing...

Singapore reprimands 20 banks after benchmark rate review

Singapore reprimands 20 banks after benchmark r...

reuters.com 14 Jun '13, 1pm

By Rachel Armstrong and Kevin Lim SINGAPORE | Fri Jun 14, 2013 10:25am EDT SINGAPORE (Reuters) - Singapore's central bank ...

Singapore punishes 20 banks in rate review

Singapore punishes 20 banks in rate review

aljazeera.com 16 Jun '13, 11pm

Singapore's central bank censured a record 20 banks after it found more than 100 traders in the city state tried to rig ke...

Wrist 'massage' h/t @BruceReuters: Singapore reprimands 20 banks after benchmark rate review

Wrist 'massage' h/t @BruceReuters: Singapore re...

reuters.com 14 Jun '13, 12pm

By Rachel Armstrong and Kevin Lim SINGAPORE | Fri Jun 14, 2013 10:25am EDT SINGAPORE (Reuters) - Singapore's central bank ...

MAS censures 20 banks for attempted rate riggin...

propertyguru.com.sg 17 Jun '13, 4am

Jun 17, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share By Shabnam Muzammil : The Monetary Authority ...

ANZ rapped in rate probe

ANZ rapped in rate probe

smh.com.au 15 Jun '13, 5am

'Inappropriate' behaviour identified ... ANZ. Photo: Glenn Hunt ANZ and Macquarie have been implicated in an interest rate...

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