Former Mayor Chokwe Antar Lumumba, former Councilman Aaron Banks, and District Attorney Jody Owens were indicted last year.

MDB said the lawsuit seeks to hold the U.K. bank accountable for its role in allegedly enabling fraud to be committed against ...

A major lawsuit has been filed against global bank Standard Chartered over its alleged role in the 1MDB scandal — one of the ...

Staley, the former Barclays CEO, had sought to overturn a ban from the financial industry imposed over how he portrayed his ...

Hayes and Palombo were among 37 City traders prosecuted for "manipulating" the interest rate benchmarks Libor and Euribor ... throwing a global 17-year scandal into reverse. It's also likely to prompt ...

Known as Libor, the interest-rate benchmark once underpinned more than $300 trillion in financial contracts but was undone after a yearslong market-rigging scandal came to light in 2008.

Two former Deutsche Bank traders were convicted of fraud yesterday for their roles in manipulating the Libor global benchmark interest rate. The convictions of British man Gavin Campbell Black, 48 ...

Bloomberg View columnist Barry Ritholtz interviews David Enrich, finance editor at the New York Times and author of "The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing ...

For all latest news, ... -2008 global financial crisis and the collapse and meltdown of the sub-prime mortgage market saw the incubation of the LIBOR scandal.

In five years, Libor could be no more. On Thursday a top U.K. regulator said it would phase out the London interbank offered rate, a scandal-plagued benchmark that is used to set the price of ...