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.... Having smashed records on YouTube and Spotify and notched up her first UK number one single, the scene is a telling one. Writing songs that exploit her personal life – from celebrity feuds to the short-lived romance that was Hiddleswift – and through deft manipulation of social media, Swift offers lessons in how to make a hit machine in the new digitally driven world of music. ... [Read full article on Guardian ]
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Latest Finance News related to Manipulation

From streaming to selfies – six things Taylor Swift taught the music industry image
.... Having smashed records on YouTube and Spotify and notched up her first UK number one single, the scene is a telling one. Writing songs that exploit her personal life – from celebrity feuds to the short-lived romance that was Hiddleswift – and through deft manipulation of social media, Swift offers lessons in how to make a hit machine in the new digitally driven world of music. ...
Libor interest rate to be phased out after string of scandals image
Source : Guardian [Read Article] Thursday 27th of July 2017 04:47:23 PM
.... Their activities led to fines totalling billions of pounds. Several senior bankers lost their jobs as a result of the manipulation, and one trader, Tom Hayes from the Swiss bank UBS, was jailed for 11 years for distorting the index. ...
US court overturns Libor convictions of ex-Rabobank traders image
Source : Guardian [Read Article] Wednesday 19th of July 2017 02:35:28 PM
. An appeals court has overturned the convictions of two former Rabobank traders in the first US criminal appeal related to investigations into the manipulation of the Libor interest rate. ...
Naomi Klein: ‘Trump is an idiot, but don’t underestimate how good he is at that’ image
....In 2008, the year after The Shock Doctrine was published, Klein believed that the financial crash would prove a reckoning for this cynical philosophy. That the ways in which the Wall Street elite had enriched itself through manipulation and deregulation would finally be exposed in plain sight. ...
If Germany can't count on old friends, perhaps it's time to make new ones image
.... . The "Made in Germany" brand continues to be damaged by the never-ending "dieselgate" saga, over Volkswagen's manipulation of car emissions tests. ...
German police raid Daimler offices image
Source : BBC [Read Article] Tuesday 23rd of May 2017 02:02:06 PM
....This is worrying news for Daimler. Earlier this year, it admitted that some of its employees were the target of a criminal investigation, suspected of fraud and false advertising linked to the manipulation of diesel exhaust emissions. ...
VW emissions: bosses face investigation over claims they misled investors image
....Prosecutors confirmed media reports that Germany’s federal financial supervisory authority filed a complaint in 2016 asking prosecutors to investigate executives from the holding company. They are accused “of knowingly delaying telling shareholders about the financial consequences for Porsche SE of software manipulation in diesel vehicles by Volkswagen AG”. ...
Richard Branson says scammers are using his name to dupe investors image
Source : Guardian [Read Article] Wednesday 17th of May 2017 03:08:44 PM
....Some countries have banned the trading of binary options, which are not currently regulated by the Financial Conduct Authority (FCA), so investments in them are not protected by the UK’s financial services complaints and compensation scheme. Police said signs of potential fraud might be occurring included an offer of a higher-than-average return on an investment, a refusal to credit customer accounts, the severance of contact with the customer, and the manipulation of software to distort prices and payouts. ...
VW chief Matthias Mueller probed over emissions scandal image
Source : BBC [Read Article] Wednesday 17th of May 2017 09:57:50 AM
....Prosecutors suspect that executives deliberately delayed releasing information to investors about the scale of the scandal, as well as its financial consequences. A similar investigation, into possible market manipulation by executives within the VW Group, was launched in Volkswagen's home state of Lower Saxony last year. ...
What’s it like to lose £350m? A rogue trader confesses image
Source : Guardian [Read Article] Sunday 7th of May 2017 08:00:27 AM
.... Stenfors says that this manoeuvre made him feel “sick”. “I had this feeling that there was something really wrong with the system,” he says, and notes that the problems have continued with the massive Libor and foreign currency manipulations. ...
Lancashire living rooms: the backdrop to cottage industry revolution image
Source : Guardian [Read Article] Saturday 6th of May 2017 12:02:08 PM
.... The long abandoned Cotton Exchange has been taken over by artist Liam Hopkins, who has filled the space with brightly coloured alien pods made with card supplied by the local Cardboard Box Company. There will also be screenprinting and plastercasting workshops for all ages, classes in leatherwork and paper manipulation – plus a food market featuring hand-reared lamb dishes, sticky Asian braised beef cheeks, vegan churros and Polish kielbasa. ...
Is business starting to get spooked about Donald Trump? | Larry Elliott image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:36:22 PM
.... First there was the U-turn over Syria, then the sabre rattling over North Korea. Now Trump has decided, in flat contradiction of what he said on the campaign trail, that China is not gaining an unfair trade advantage through the manipulation of its currency. ...
How Uber conquers a city in seven steps image
Source : Guardian [Read Article] Wednesday 12th of April 2017 03:19:57 PM
.... Uber’s “disruptive” approach has up until now attracted investors like flies, leading to its valuation snowballing to $69bn. However, a string of allegations about sexual harassment, intellectual property theft and driver manipulation have called into question the aggressiveness of its expansion practices. ...
Trump is reckless – but he knows he can't afford to antagonise China | Barry Eichengreen image
.... Inside the Washington, DC beltway, however, facts are no longer what they once were. Singling out China for manipulation might still appeal to a president who values symbolism as much as Trump does. ...
BBC to air recording that implicates Bank of England in Libor scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:45:56 PM
....The Bank of England said it had provided a statement to the BBC noting that Libor and other global benchmarks were not regulated in the UK or elsewhere at the time. The Bank added it was helping with investigations by the Serious Fraud Office into Libor manipulation by employees at commercial banks and brokers. ...
Libor: Bank of England implicated in secret recording image
Source : BBC [Read Article] Sunday 9th of April 2017 11:01:47 PM
.... . "Nonetheless, the Bank of England has been assisting the SFO's criminal investigations into Libor manipulation by employees at commercial banks and brokers by providing, on a voluntary basis, documents and records requested by the SFO. ...
Bogus boss scam image
Source : BBC [Read Article] Thursday 30th of March 2017 11:05:39 PM
.... . It was a fraudster who'd done his research and was skilled at psychological manipulation. ...
Carney defends Bank of England over Hogg resignation image
Source : BBC [Read Article] Tuesday 21st of March 2017 11:22:41 AM
....She had failed to mention, before her appointment, that her brother was a senior executive at Barclays - a lender regulated by the Bank of England. In the speech, Mr Carney said: "A series of scandals ranging from mis-selling to manipulation have undermined trust in banking, the financial system, and, to some degree, markets themselves. ...
Audi and VW sites raided in emissions probe image
Source : BBC [Read Article] Wednesday 15th of March 2017 03:32:14 PM
. German prosecutors have raided Audi and VW sites as part of a probe into the manipulation of US emissions tests. ...
Spinal Tap creators aim to 'go to 11' with $400m lawsuit image
Source : Guardian [Read Article] Wednesday 8th of February 2017 09:11:21 AM
....”. “What makes this case so egregious is the prolonged and deliberate concealment of profit and the purposeful manipulation of revenue allocation between various Vivendi subsidiaries – to the detriment of the creative talent behind the band and film. ...
Greek debt crisis: an existentialist drama with no good end in sight | Larry Elliott image
.... His trade adviser Peter Navarro has accused Germany of being a currency manipulator, using a ”grossly undervalued” euro to run up a massive current account surplus. Navarro’s specific criticism about currency manipulation is wide of the mark. ...
Banks’ duty to provide free ATMs and keep branches open | Letters image
Source : Guardian [Read Article] Tuesday 31st of January 2017 07:55:37 PM
.... He wasn’t wrong. It included Libor manipulation, mis-selling mortgages to Fannie Mae and Freddie Mac, Forex rigging, weakness in money laundering and systematic aiding of tax avoidance at its Swiss subsidiary. ...
Deutsche Bank fined $630m over Russia money laundering claims image
Source : Guardian [Read Article] Tuesday 31st of January 2017 05:00:06 AM
.... The bank received a 30% discount for its cooperation. This is a contrast to 2015 when the bank was fined for rigging Libor and accused of being obstructive towards regulators in their investigations into the global manipulation of the benchmark rate. ...
Statisticians fear Trump White House will manipulate figures to fit narrative image
....” The employee, like most of the statisticians the Guardian spoke with, asked not to be named for fear that they would not be able to work for federal agencies in the future. But many statisticians believe that economic indicators are likely to be protected from possible manipulation by the administration because the business community relies so heavily on accurate numbers. ...
BT loses almost £8bn in value as Italy accounting scandal deepens image
Source : Guardian [Read Article] Tuesday 24th of January 2017 11:20:33 AM
....Patterson said it was investigating its other overseas business but he believed the problem was specific to Italy. He said it was a very complex set of manipulations, involving a lot of people over many years. ...
Libor scandal: the bankers who fixed the world’s most important number | Liam Vaughan and Gavin Finch image
....A month later, Scott Peng, an analyst at Citigroup in New York, sent his customers a research note that estimated the dollar Libor submissions of the 18 firms that set the rate were 20 to 30 basis points lower than they should have been because of a “prevailing fear” among the banks of “being perceived as a weak hand in this fragile market environment”. While there was no evidence of manipulation by specific firms, McGonagle was coming around to the idea of launching an investigation. ...
China crackdown sends Bitcoin sliding image
Source : BBC [Read Article] Thursday 12th of January 2017 01:04:34 AM
....Chinese spot checks on Bitcoin trading have hit the digital currency's value. China's central bank said it wanted to investigate market manipulation, money laundering and unauthorised financing. ...
US charges three foreign exchange traders image
Source : BBC [Read Article] Tuesday 10th of January 2017 11:28:46 PM
....According to the indictment, between December 2007 and January 2013 a group of traders known as "the Cartel" or "the Mafia" including Mr Usher, Mr Ramchandani and Mr Ashton, "conspired to fix prices and rig bids for the euro-US dollar currency pair". The DoJ statement also said the former bank traders were alleged to have "gained an unfair advantage on their counterparts by committing corporate fraud involving the manipulation of the foreign currency exchange". ...
Donald Trump has 'great meeting' with Alibaba boss Jack Ma image
Source : BBC [Read Article] Monday 9th of January 2017 10:07:43 PM
.... . The New York real estate mogul has said that 45% import taxes could be placed on Chinese goods and would come in response to currency manipulation and illegal subsidies by the world's second largest economy. ...
Deutsche Bank reaches $7.2bn settlement with US in mortgages case image
Source : Guardian [Read Article] Friday 23rd of December 2016 05:16:46 AM
.... Three major probes remain. It still faces investigations into the alleged manipulation of foreign exchange rates, suspicious equities trades in Russia, as well as alleged violations of US sanctions on Iran and other countries. ...
Tax avoidance, expenses scams – welcome to the recruitment industry | Adrian Gregory image
....No one in the recruitment industry believes that HMRC has the will to take it to task. A senior HMRC inspector told me five years ago that over £1bn per year was being siphoned from Revenue and Customs into the hands of agency bosses through travel scheme abuse alone – yet, with the exception of a £158m tax bill imposed on Reed Employment, the industry’s manipulation of the tax system has hardly been disturbed. ...
RBS, Barclays and other banks fined in Swiss franc Libor case image
Source : Guardian [Read Article] Wednesday 21st of December 2016 08:41:42 AM
....A third probe into yen Libor rates saw the regulator hand out £11. 3m of fines, including a £3m penalty for RBS, for manipulation that took place between 2007 and 2010. ...
Housebuilders must halt leasehold sale of new houses, says minister image
Source : Guardian [Read Article] Tuesday 20th of December 2016 05:16:06 PM
.... Recent sales have moved to a formula based on the retail prices index. The Commons debate highlighted numerous other abuses in the leasehold sector, including excessive service charges, 40% insurance commissions, manipulation of leasehold valuation tribunals, and even the forfeiture of homes by leaseholders who battle freeholders. ...
Yahoo hack image
Source : BBC [Read Article] Thursday 15th of December 2016 02:16:51 PM
.... . In the case of Yahoo, a large organisation struggling to manage networks and applications from lots of different divisions, well-known techniques including "cookie manipulation" and a password-beating approach known as "pass the hash" seem to have been enough. ...
Could Trump's chest-thumping over China trigger a trade war? image
Source : Guardian [Read Article] Saturday 10th of December 2016 10:00:11 AM
.... He can’t just get into the White House and the next day announce a tariff increase, it wouldn’t look good,” said Pei. Allegations of Chinese currency manipulation are out of date and largely incorrect, according to Pei. ...
HSBC, JP Morgan and Crédit Agricole fined €485m by EU image
Source : Guardian [Read Article] Wednesday 7th of December 2016 10:22:06 AM
....Just months after fines for Libor rigging were slapped on banks, it emerged that other markets were being manipulated. Vestager said an investigation into the manipulation of foreign exchange markets was continuing and was “a very large complex case with many participants”. ...
World trade hangs in the balance as Trump prepares plan of action image
Source : Guardian [Read Article] Saturday 26th of November 2016 04:00:35 PM
....Among the more consistent themes in his various pronouncements, the president-elect said he would tear up the Nafta agreement that gives Mexico tariff-free access to US markets on about half of its goods. Trump also threatened to impose tariffs on China, which he said could be as much as 35%, to punish the Beijing for a policy of “currency manipulation”. ...
New Libor disclosures in court image
Source : BBC [Read Article] Thursday 10th of November 2016 10:56:32 PM
.... . And during the credit crunch another, more serious form of manipulation took place, called "low-balling" - where banks under-stated by much larger sums what they were really paying to borrow money - to avoid looking like they were in trouble. ...
Wall Street 'flash crash' accused Navinder Sarao extradited to US image
Source : Guardian [Read Article] Tuesday 8th of November 2016 03:20:43 PM
.... Sarao lost his year-long legal battle against extradition at the high court in London in mid-October. Sarao, 37, faces 22 charges of fraud and market manipulation, which carry sentences totalling a maximum of 380 years. ...
Tesco Bank attack's knock-on effects could be severe image
Source : Guardian [Read Article] Monday 7th of November 2016 07:30:04 PM
....How is the reinvention of Volkswagen after the diesel emissions scandal going? Not well. German criminal prosecutors have widened their investigation into potential manipulation of the market to include Hans Dieter Pötsch, the former finance director who was inexplicably promoted to be chairman of the supervisory board. ...
Volkswagen inquiry widens to include former finance chief image
Source : Guardian [Read Article] Sunday 6th of November 2016 05:58:36 PM
. German prosecutors have deepened the crisis at Volkswagen by widening an investigation into suspected market manipulation to include the chair of the carmaker’s supervisory board, Hans Dieter Pötsch. ...
'Flash crash' trader loses US extradition battle image
Source : BBC [Read Article] Friday 14th of October 2016 12:25:57 PM
....The ruling means Navinder Sarao, 37, will be sent to the US within 28 days. He is accused of market manipulation by "spoofing" over a five-year period and of contributing to a 1,000 point fall on the Dow Jones index in New York on 6 May 2010. ...
Australia cracks down on interest rate-rigging image
Source : BBC [Read Article] Tuesday 4th of October 2016 08:58:24 AM
....Australia has announced stiffer penalties for interest rate-rigging as the chiefs of its four biggest banks are grilled by MPs. Under the new rules, manipulation of the rates used when banks lend money to each other will be a criminal offence. ...
You sent how much?! image
Source : BBC [Read Article] Thursday 29th of September 2016 11:04:27 PM
.... . Most business email fraud is relatively lo-tech, relying on psychological manipulation and people's willingness to get the job done. ...
Leaks reveal Amber Rudd's involvement in Bahamas offshore firms image
Source : Guardian [Read Article] Wednesday 21st of September 2016 06:00:27 PM
....Shares in both Kensington and Siberian were traded on the Vancouver Stock Exchange, which prior to its closure in 1999 had a reputation for being poorly regulated. A report commissioned by the finance ministry of British Columbia described a small number of successful enterprises “overshadowed by the continuing occurrence of shams, swindles and market manipulations”. ...
VW hit by flood of new lawsuits in emissions scandal image
Source : BBC [Read Article] Wednesday 21st of September 2016 10:44:25 AM
....2bn to cover the lawsuits. The court said it brought in extra staff to process the claims submitted by shareholders, who were concerned that 18 September, the day VW's manipulations were uncovered a year ago, may be the deadline to file. ...

The West is easing off sanctions, but must keep up the fight against the Kremlin's lies
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.... It’s one of the reasons my organization was inspired to form the Beacon Project, a new collaborative initiative aimed at countering this threat through documentation and coalition building. With the UK’s great schism from the European Union now underway, it is imperative that all leaders in the transatlantic community resist the impulse to turn inward and cooperate to resist the Kremlin’s campaign of lies and manipulation. ...

Child migrants 'forced into prostitution and hard labour' as unaccompanied arrivals to EU surge
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....In a new report entitled ‘Invisible Little Slaves’, the international charity said traffickers were using “brutal and increasingly sophisticated tactics” to force children into prostitution and forced labour often saddling them with up to €50,000 (£43,000) in ‘debt’ to pay for their journey. “It’s shocking that in this day and age, so many vulnerable children are being subjected to this kind of violence, manipulation, and exploitation,” said Raffaela Milano, head of the Save the Children’s domestic programs in Italy. ...

English bulldogs now so inbred that long-term health might never improve, scientists warn
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...."More people seemed to be enamoured with its appearance than concerned about its health. "Improving health through genetic manipulations presumes that enough diversity still exists to improve the breed from within, and if not, to add diversity by outcrossing to other breeds. ...
Related to :

Michael Moore: ‘Trump is going to win the election’
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Source : Telegraph [Read Article] Sunday 24th of July 2016 09:34:57 AM
.... You should take it very seriously. “He knows the manipulation that's going on here, and the use of propaganda and the way he's doing it is just brilliant in the way that he is succeeding and has succeeded. ...

Donald Trump's Republican National Convention speech, in full
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Source : Telegraph [Read Article] Thursday 21st of July 2016 11:28:14 PM
.... We are going to enforce all trade violations, including through the use of taxes and tariffs, against any country that cheats. This includes stopping China’s outrageous theft of intellectual property, along with their illegal product dumping, and their devastating currency manipulation. ...
Top HSBC manager charged in forex probe image
Source : BBC [Read Article] Wednesday 20th of July 2016 02:23:41 PM
....In May 2015, four banks pleaded guilty to conspiring to manipulate the foreign exchange market. HSBC was not part of those criminal cases, but it was one of six banks fined by UK and US regulators over their traders' attempted manipulation of foreign exchange rates in November 2014. ...
Libor rigging trial: Former Barclays bankers jailed image
Source : BBC [Read Article] Thursday 7th of July 2016 02:38:17 PM
.... . "I do not judge that you were the originator of the scheme, but it was under your leadership the manipulation took off," the judge said on Thursday. ...
Three convicted in Libor rigging trial image
Source : BBC [Read Article] Monday 4th of July 2016 11:35:42 AM
....". SFO director David Green, who chose to pursue the Libor cases in 2012, said: "The trial in this country of American nationals also demonstrates the extent to which the response to Libor manipulation has been international and the subject of extensive co-operation between US and UK authorities. ...
Lawsuit accusing 16 big banks of Libor manipulation reinstated by US court image
....“Appellants sustained their burden of showing injury by alleging that they paid artificially fixed higher prices,” Judge Dennis Jacobs wrote on behalf of the panel. After determining that the plaintiffs had sufficiently shown they had been harmed by the alleged rate manipulations, the panel sent the case back to the lower court. ...
US capitalism in crisis while most Americans lose out image
Source : Guardian [Read Article] Saturday 21st of May 2016 11:04:26 PM
....The strategy exploded in 2005 and 2006 when BP suffered a number of back-to-back disasters, including a refinery explosion in Texas City, Texas, an oil spill at Prudhoe Bay, Alaska, and accusations of manipulating energy markets via its US trading arm. In a move that echoed the manipulation of the California energy markets a few years earlier, Houston-based traders for BP US had used company resources to purchase a large quantity of propane gas, which they later sold to other market players for inflated prices, costing consumers $53m in overcharges. ...
Goldman Sachs and Deutsche Bank shareholders revolt against pay deals image
....6% against. Cryan said the group expected further big legal charges this year related to a series of scandals, such as manipulation of Libor and foreign exchange rates, that have damaged the bank’s reputation and hurt profits – but added that it was getting closer to the end of the litigation saga. ...
Mitsubishi president steps down over test-fixing scandal image
Source : Guardian [Read Article] Wednesday 18th of May 2016 02:14:48 PM
....The company also admitted that it did not carefully inspect much of the mileage-testing work that was carried out by a subsidiary. The test manipulation may affect all models sold in Japan, including discontinued ones, it has said. ...
Ex-Barclays banker revealed as pleading guilty to Libor rigging image
Source : Guardian [Read Article] Wednesday 11th of May 2016 06:18:00 PM
....The SFO alleges the men were dishonest when they submitted or asked colleagues to submit Libor rates – designed to be an independent assessment of a bank’s borrowing costs – to benefit trading positions. Separately, several bankers have pleaded guilty in the US to fraud offences linked to alleged Libor manipulation. ...
Bitcoin: Craig Wright promises new evidence to prove identity image
Source : Guardian [Read Article] Wednesday 4th of May 2016 03:08:54 PM
....In his latest post, Wright wrote at least one thing that everyone can agree with. “For some there is no burden of proof high enough, no evidence that cannot be dismissed as fabrication or manipulation. ...
Senior Barclays executive denies knowledge of Libor rate rigging image
Source : Guardian [Read Article] Wednesday 27th of April 2016 09:07:17 PM
. Senior Barclays executive Michael Bagguley told a London court that he had never sought to influence Libor benchmark interest rates, instructed others to do so, or seen any evidence of manipulation between 2005 and 2007. ...
Mitsubishi admits it cheated on fuel mileage tests for 25 years image
Source : Guardian [Read Article] Tuesday 26th of April 2016 03:41:30 PM
.... The US vehicle safety regulator is also seeking information, while Japanese authorities have raided one of the company’s research and development facilities. Mitsubishi said it used appropriate testing methods on vehicles sold in the United States, and had no indications of data manipulation in vehicles sold in other overseas markets. ...
Customers’ reluctance to try newcomers props up the banking giants image
Source : Guardian [Read Article] Sunday 24th of April 2016 07:00:11 AM
.... A monitor installed as a result of a 2012 fine for money-laundering offences by the US has flagged up issues with the speed at which the bank is able to make changes to its internal systems and controls. Libor-rigging and manipulation of the foreign exchange markets have already shaken the public image of banks – and the fines knocked a dent in their profits. ...
Panama Papers: US launches criminal inquiry into tax avoidance claims image
Source : Guardian [Read Article] Tuesday 19th of April 2016 09:52:20 PM
.... He made tens of millions of dollars of illegal profit by manipulating the companies’ stock prices, according to the indictment. The Panama Papers leak shows that Mossack Fonseca helped set up the offshore companies used in the stock manipulation. ...
Ex-RBS Libor trader banned by FCA image
Source : Guardian [Read Article] Tuesday 12th of April 2016 11:42:56 AM
....Libor – the London interbank offered rate – was compiled by the British Bankers’ Association, based on banks’ own reporting of their cost of borrowing from other lenders. The crude process, since reformed, left Libor open to manipulation by traders betting on rates. ...
Trade policy is no longer just for political nerds: it matters in the UK and US image
....Trade has turned into a political issue in the US. Presidential hopefuls are expected to have a view on the transpacific partnership, imposing sanctions on China for currency manipulation and whether the US should have signed the North American Free Trade Agreement with Mexico and Canada in the early 1990s. ...
GMO food labels are coming to more US grocery shelves – are consumers ready? image
.... Big food companies have historically fought mandatory labeling out of concerns that the new labels will scare off customers. They worry that genetic manipulation creates an impression that the food is unnatural or unhealthy, an image that anti-GMO groups try to reinforce in public campaigns. ...
'Flash crash trader' can be extradited to US, judge rules image
Source : Guardian [Read Article] Wednesday 23rd of March 2016 12:15:27 PM
....District judge Quentin Purdy at Westminster magistrates court ruled on Wednesday that Sarao’s alleged actions between 2009 and 2014 constituted a crime in the UK. The judgment means Sarao, 37, can be sent to the US to answer 22 counts of wire fraud, commodities fraud and market manipulation carrying a maximum sentence of 380 years’ imprisonment. ...
Navinder Sarao: Who is the so-called 'flash crash' trader? image
Source : BBC [Read Article] Wednesday 23rd of March 2016 12:05:03 AM
. Navinder Sarao, who traded from his parents' home in Hounslow, west London, has been accused of market manipulation that caused a 1,000-point fall on the US Dow Jones index in 2010. ...
UK fraud prosecutors obtain arrest warrants for 'Euribor five' image
Source : Guardian [Read Article] Friday 18th of March 2016 08:22:31 AM
....James Waddington, a lawyer for the SFO, told Southwark crown court on Friday that the prosecutor had been granted European arrest warrants for former Deutsche Bank employees Kai-Uwe Kappauf, Joerg Vogt, Andreas Hauschild, Ardalan Gharagozlou and former Société Générale trader Stephane Esper. The five men declined a requisition request to attend London’s Westminster magistrates court on 11 January, where they would have been charged with conspiracy to defraud, relating to alleged manipulation of Euribor (the euro interbank offered rate). ...
Libor scandal: convicted City trader could lose £1.7m home image
Source : Guardian [Read Article] Thursday 17th of March 2016 05:01:20 PM
....Hayes, 36, of Fleet in Hampshire, was convicted after trial last year of eight counts of conspiracy to defraud from 2006 to 2010, when he worked for UBS and Citigroup. He was jailed for 14 years, reduced to 11 on appeal, for his part in the manipulation of the benchmark interest rates. ...
SFO drops forex market investigation image
Source : BBC [Read Article] Tuesday 15th of March 2016 02:57:08 PM
....Six banks - HSBC, RBS, Swiss bank UBS and US banks JP Morgan Chase, Citibank and Bank of America - were collectively fined £2. 6bn in 2014 by UK and US regulators over their traders' attempted manipulation of foreign exchange rates. ...
Volkswagen may cut jobs to pay for emissions scandal image
Source : Guardian [Read Article] Tuesday 8th of March 2016 05:55:30 PM
.... It has postponed the release of its 2015 results until 28 April to assess the financial implications of the crisis. Müller said: “The software manipulations and its consequences will keep us busy for a long time,” adding that it would take years to determine the full financial impact of the scandal. ...
Linked to bullying and even murder, can anonymous apps like Kik ever be safe? image
.... While Sonia Livingstone, a professor in media and communications at the London School of Economics, says that anonymity doesn’t inherently encourage negative outcomes. “It encourages intimacy and honesty as well as manipulation and nastiness,” she says. ...
Regulators accuse ANZ of rate-fixing image
Source : BBC [Read Article] Friday 4th of March 2016 03:51:26 AM
....Australia's markets watchdog has begun legal action against ANZ bank over accusations it fixed the benchmark inter-bank interest rate. The Australian Securities and Investment Commission accused ANZ of "unconscionable conduct and market manipulation". ...

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