HSBC

US and European prosecutors are close to individual traders at banks for colluding to manipulate key global lending rates, says a Reuters report.

Market sources tell IBTimes UK that banks and brokers under investigation for Libor fixing are unlikely to join forces in reaching a settlement.

The existence of different regulators for Libor is a major obstacle for banks to opt for group settlement.

Following Barclays' record fine for Libor manipulation, the IBTimes UK examines efforts by key global regulators to tackle potential fraud in the $550tn benchmark.

Bank of England Governor Mervyn King to lead discussions with world's central bankers on shut-down of controversial $550tn benchmark

David Bagley tells Senate committee he will quit over drugs, Iran and terror links that threatens HSBC charter in US.

When detailed allegations of drug money laundering and terrorist banking are trumped by bank interest rate markets, something seems amiss.

Lead Senate investigator says HSBC's US charter at risk after damning 335-page report.

Senior HSBC executives will appear before the US Senate on Tuesday, in response to a report claiming that lax monitoring exposed to the bank to money laundering

According to an internal memo, HSBC will "acknowledge and apologise" for money laundering within the bank as it faces a $1bn fine from US lawmakers.

Labour leader will announce proposals for "root and branch" banking reform to move away from "casino" tactics.

Deutsche Bank reportedly suspends two dealers, US investor files class action

Deputy BoE governor Paul Tucker to be grilled over conversations with former Barclays chief executive Bob Diamond.

Barclays is seeking an additional cash and asset boost from defunct firm Lehman Brothers, despite winning over $5bn from an American ruling in June.

Shadow chancellor Ed Balls told MPs that the Labour party will not vote for the government's parliamentary inquiry into banking, but would back a public one instead.

Ex-Barclays CEO Bob Diamond faces Treasury select committee MPs in tough three-hour grilling.

Del Missier, Barclays chief operating officer, is yet another executive at the bank to step down in the wake of the Libor rate-fixing scandal.

Corporate barrister Owen Watkins tells IBTimes UK that Barclays' newly resigned CEO Bob Diamond and individuals involved in rate-fixing scandal may avoid UK criminal proceedings.

With the twin resignations of CEO Bob Diamond and Chairman Marcus Agius, the IBTimes UK look at the the challenges the bank faces as bank's crisis continues

Bankers face a parliamentary inquiry into their disgraced industry, Chancellor George Osborne announced to the House of Commons, after a rate-fixing scandal rocked the financial world.

His resignation comes after the bank was fined £290 million for trying to tweak Libor.

The Labour leader proposes a new code of conduct for bankers, a new professional standards board to look into their answers as well as quicker and easier prosecution of wrongdoers.

A sacked senior RBS trader Tan Chi Min said his bosses and senior staff colluded in fixing the Libor rate artificially high or low to maximise profits, according to US court filings.

The IBTimes UK investigates the broken trust between banks and customers in the wake of a the industry's "septimana horribilis"

UK banks Barclays, RBS, HSBC and Lloyds are banned from selling certain types of derivatives to SMEs, after all agreeing on a settlement with the Financial Services Authority

RBS admits it was guilty of offences similar to those of Barclays, though it maintains they were less serious and more isolated.

FSA is expected to announce evidence on Barclays' involvement in Libor manipulation.

Shares in British banks took a dive on the FTSE 100 in morning trading a day after the Libor rate fixing scandal involving Barclays broke.

The British finance minister George Osborne and and Leader of the opposition call for a criminal investigation into the Barclays Libor rate fixing scandal that saw the group being fined a record amount by UK and US authorities.

After Barclays settles for a record fine for manipulating two of the most important interest rates in the global financial markets, IBTimes UK takes a look at it effects the wider market and public and how the rate setting needs to change