Sentence examples for manipulating the benchmark from inspiring English sources

Barclays, fined £290m for manipulating the benchmark interest rate, paid 428 staff more than £1m.

The bank also indicated its entire bonus pool could be cut to reflect the £226m of penalties it was forced to pay for manipulating the benchmark interest rate.

It is estimated to be facing fines of £400m for its role in manipulating the benchmark rate, but is unlikely to be alone in handing over millions to settle cases.

The Libor rigging incident, first exposed in 2012 when Barclays was fined £290m, hammered the reputation of the industry and further fines for manipulating the benchmark rate are expected before the end of the year.

Rabobank is the fifth financial firm to settle investigations related to its role in manipulating the benchmark known as the London interbank offered rate, or Libor, which helps set consumer and corporate borrowing rates around the world.

The lender has already paid £290m to US and UK regulators for manipulating the benchmark rate, which is used to set payments on trillions of pounds worth of financial instruments every day.

Some BlackRock clients may have been affected by banks' efforts to manipulate the benchmark, he said.

Tom Hayes, whose former employers included UBS and Citigroup, was described by prosecuting lawyers as the alleged "ringmaster" of efforts to manipulate the benchmark inter-bank interest rate.

Barclays — yes, the Barclays that agreed in June to pay $450 million to settle accusations that it tried to manipulate the benchmark London interbank offered rate, or Libor.

Moody's said it was more concerned about the litigation risk posed by the ongoing investigations into attempts to manipulate the benchmark rate than any fines that banks might face.

Both sets of charges contend that the men conspired with employees of UBS, the Dutch bank Rabobank, HSBC and other financial institutions to manipulate the benchmark rates for personal financial gain, according to the charge sheet.