LONDON-Minutes after British track-and-field darling Jessica Ennis sped over the finish line for a heptathlon gold in front of 80,000 spectators at the Olympic stadium Saturday, BBC sportscaster Steve Cram took stock of the jubilation-in the broadcast booth. "We all stood on our feet and applauded," Mr. Cram reported.
LONDON-A top executive at brokerage firm ICAP PLC knew of an arrangement with UBS AG that U.S. and British regulators allege was part of a scheme to rig benchmark interest rates, according to people familiar with the matter.
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At a luxury villa in the Moroccan desert, an international brokerage firm hosted getaways for Libyans connected to the country's oil-rich sovereign-wealth funds. The men spent their days lounging poolside and nights partying at clubs in Marrakesh.
Some central banks in Europe have started weighing contingency plans to prepare for the possibility that countries leave the euro zone or the currency union breaks apart entirely, according to people familiar with the matter.
In a Georgian townhouse in central London, Alexis Stenfors stood before a roomful of University of Iowa students. After 15 years as a successful trader at several big banks, the 44-year-old Scandinavian was accustomed to high-pressure situations. At home, he had rehearsed his presentation again and again, trying to gain comfort with an uncomfortable topic.
LONDON--A U.K. court ordered former bank trader Tom Hayes to hand over nearly GBP879,000 ($1.24 million) to authorities for his role manipulating benchmark interest rates. Mr. Hayes, who is currently serving an 11-year prison sentence after being convicted on eight counts of conspiracy to defraud last August, will face another three years tacked onto his sentence if he doesn't comply with the court order, a judge said Wednesday.
LONDON-A U.K. court ordered former bank trader Tom Hayes to hand over nearly £879,000 ($1.24 million) to authorities for his role manipulating benchmark interest rates. Mr. Hayes, who is currently serving an 11-year prison sentence after being convicted on eight counts of conspiracy to defraud last August, will face another three years tacked onto his sentence if he doesn't comply with the court order, a judge said Wednesday.
Carsten Kengeter is on track to run Europe's largest stock exchange. Three years ago, British prosecutors viewed him as a possible co-conspirator in the global interest-rate-rigging scandal. Mr. Kengeter is chief executive of Deutsche Börse AG, the German exchange that is in talks to merge with London Stock Exchange Group PLC.
American banks have so far escaped the billions of dollars in fines that have been levied by US and British regulators leading a global seven-year probe into interest-rate rigging. That is likely to change.
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Selecting a term
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