City Broker ICAP Braced For £70m Libor

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City Broker ICAP Braced For £70m Libor

9 September 2013, 20:20

City Broker ICAP Braced For £70m Libor

This is a duplicate of the Blog Entry made on 9th September 2013 20:51.

*Broking firm headed by ex-Tory treasurer Michael Spencer is in talks to pay roughly £70m in Libor fines* ICAP, the interdealer broker headed by a...

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Tags: broker, broking, court, debt, fined, fines, firm, fixing, fraud, libor, pay, penalty, rate, scandal, size, traders
5corpio

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25 September 2013, 13:41

Re: City Broker ICAP Braced For £70m Libor

The UK broker ICAP has been fined $87m (£54m) for its part in the long-running Libor rate fixing scandal. Three of its traders were charged with wire fraud in a federal New York court. They each face a maximum penalty of 30 years in prison for each count if convicted.....Read more HERE at AAD Blog page

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City Broker ICAP Braced For £70m Libor

City Broker ICAP Braced For £70m Libor

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