Financial Services Authority

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  UBS to Pay $1 Billion for Libor Manipulation

  By Melanie Waddell, AdvisorOne  |  December 13, 2012

  UBS will pay $1 billion to settle allegations that it manipulated Libor, according to the Financial Times and other publications. The news about UBS’ settlement will likely be made public on Monday.

• U.K. Investigating Natural Gas Price Fixing Allegations

  By Marlene Y. Satter, AdvisorOne  |  November 13, 2012

  Energy Secretary Ed Davey said in the report that the government is “extremely concerned” about the possibility that manipulations of the wholesale natural gas market may have been perpetrated by some of the largest power companies in the country.

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  Barclays Eyed in Two New Probes

  By Marlene Y. Satter, AdvisorOne  |  October 31, 2012

  Fresh from an FSA investigation into LIBOR rigging, Barclays is now the target of two more inquiries.

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  RBS Wins: Singapore LIBOR Papers to Be Sealed

  By Marlene Y. Satter, AdvisorOne  |  October 25, 2012

  The decision came in a closed hearing after the bank said that public availability of the documents could have “extensive potential prejudice” on confidential regulatory investigations.

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  Tough Talk in U.K. on Banks, Starbucks Taxes

  By Marlene Y. Satter, AdvisorOne  |  October 17, 2012

  The U.K. was sounding a note of authority with assertions that banks should be compelled to hold a certain amount of capital and threats of an investigation into Starbucks’ tax affairs.

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  RBS Leaves U.K. Asset Protection Plan

  By Marlene Y. Satter, AdvisorOne  |  October 17, 2012

  Royal Bank of Scotland Group has paid 2.5 billion pounds ($4 billion) to the British government to insure its riskiest assets and agreed to exit the Asset Protection Scheme.

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  Few Apply for Top BoE Spot

  By Marlene Y. Satter, AdvisorOne  |  October 8, 2012

  The list of candidates to succeed Mervyn King as governor of the Bank of England is smaller than expected, with many potential candidates disqualified because of recent investigations into bank misdeeds, and two of the top contenders off the list by choice.

• British Bankers Group Out, Regulator In on LIBOR Supervision

  By Marlene Y. Satter, AdvisorOne  |  September 28, 2012

  In addition, more than 100 LIBOR rates bound to maturities and currencies that lack sufficient trading data to allow for proper determination will be done away with.

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  LIBOR Will Be Gone in 5 Years: Poll

  By Marlene Y. Satter, AdvisorOne  |  September 7, 2012

  A majority of investors surveyed around the world believe that LIBOR will be gone within five years, and a more tightly regulated benchmark will take its place.

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  Barclays Names Jenkins CEO

  By Marlene Y. Satter, AdvisorOne  |  August 30, 2012

  Antony Jenkins, head of Barclays' consumer business, is taking over the spot vacated by Bob Diamond in the heat of the LIBOR scandal.