Arab Today, arab today credit agricole says not accused of rate manipulation
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

Credit Agricole says not accused of rate manipulation

Arab Today, arab today

Arab Today, arab today Credit Agricole says not accused of rate manipulation

Paris - AFP

French bank Credit Agricole said on Thursday that it has \"not been accused of any wrongdoing\" in the Libor manipulation scandal that has cost the jobs of top executives at Barclays Bank. The statement was issued in response to a Financial Times report that regulators were investigating Credit Agricole, HSBC, Deutsche Bank and Societe Generale for involvement in manipulating an interest rate that plays a key role in global markets. Citing sources close to the probes, the FT said regulators were examining evidence of links between traders at all four banks and former Barclays trader Philippe Moryoussef. In a short statement, Credit Agricole said that it had \"responded to requests for information from various authorities as it always does.\" The bank stressed that it was not a Libor panel bank between 2005 and 2009, when the FT said the manipulation is thought to have taken place, and only became a contributor in November 2010. US futures regulator the Commodity Futures Trading Commission recently accused an an unnamed trader of having \"orchestrated an effort to align trading strategies among traders at multiple banks\". The FT reported this trader was former euroswaps trader Moryoussef. Barclays was fined £290 million ($452 million, 360 million euros) after it acknowledged attempting to manipulate the Libor and Euribor rates between 2005 and 2009. Libor (London Interbank Offered Rate) is a flagship London instrument used as an interest benchmark throughout the world, while Euribor is the eurozone equivalent. The rates play a key role in global markets, affecting what banks, businesses and individuals pay to borrow money.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today credit agricole says not accused of rate manipulation Arab Today, arab today credit agricole says not accused of rate manipulation

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today credit agricole says not accused of rate manipulation Arab Today, arab today credit agricole says not accused of rate manipulation

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday