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Share Price: 202.00
Bid: 202.40
Ask: 202.50
Change: -3.15 (-1.54%)
Spread: 0.10 (0.049%)
Open: 205.75
High: 206.10
Low: 197.68
Prev. Close: 205.15
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UPDATE 1-ICAP says senior staff unaware of any Libor fixing attempts

Thu, 27th Jun 2013 14:41

June 27 (Reuters) - None of ICAP's senior managementwere ever aware of, or involved in, the attempted manipulationof benchmark interest rates, the British broker said in astatement on Thursday.

Citing sources familiar with the matter, the Wall StreetJournal said on Wednesday that ICAP executive David Castertonwas included on emails sent in 2007 that documented discussionsbetween ICAP brokers and officials at UBS.

In those emails, UBS had agreed to make quarterly paymentsto ICAP for help in rigging Libor (London Interbank OfferedRate), the Wall Street Journal said.

"Neither the company nor its senior management was aware ofany corrupt payment from any source at any time. All paymentsreceived from UBS were documented and invoiced," ICAP said in anemailed statement on Thursday.

"ICAP strongly refutes that Mr Casterton or anybody else inICAP senior management were ever aware of, or involved in, anyimproper activities in relation to the attempted manipulation ofyen or any other Libor. Any suggestion otherwise is false anddefamatory."

David Casterton is currently head of global broking at ICAP.He could not immediately be reached for comment.

British and U.S. regulators have so far fined three banks atotal of $2.6 billion over the Libor rigging scandal. Two menhave been charged over the rigging.

Last week, British prosecutors alleged in court that formerUBS and Citi trader Tom Hayes had conspired with employees fromat least 10 financial institutions, including ICAP, tomanipulate interest rates over four years.

In its settlement last year with British and U.S. regulatorsover the rate-rigging, UBS admitted that its traders paid bribesto brokers in return for their help in fixing rates. It did notidentify the brokers.

These brokers accepted "corrupt payments" from UBS and alsoengaged in wash" trades - where a bank does two trades thateffectively cancel each other out - to earn more than 170,000pounds in commission, UK regulators said in the Dec. settlement.

ICAP chief executive Michael Spencer has since said that thebrokerage, after conducting internal investigations intopossible rigging, had found no signs of telltale "wash trades"used by banks to reward brokers.

Terry Smith, the CEO of rival Tullett Prebon, saidin March that the firm's internal probes had found wash trades,including interest rate products, but that these were a commonway for brokers and clients to remunerate each other and thatthere was no evidence they were linked to Libormanipulation.

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17 Oct 2023 15:43

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Wednesday 18 October 
888 Holdings PLCTrading Statement
Antofagasta PLCTrading Statement
BHP Group LtdTrading Statement
Cirata PLCTrading Statement
Hochschild Mining PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
Quilter PLCTrading Statement
Segro PLCTrading Statement
Sosandar PLCTrading Statement
Whitbread PLCHalf Year Results
Thursday 19 October 
AJ Bell PLCTrading Statement
Centamin PLCQ3 Results
Deliveroo PLCTrading Statement
Dunelm Group PLCTrading Statement
GB Group PLCTrading Statement
Gear4Music PLCHalf Year Results
Hargreaves Lansdown PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Man Group PLCTrading Statement
Mondi PLCTrading Statement
PensionBee Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Relx PLCTrading Statement
Rentokil Initial PLCQ3 Results
Sabre Insurance Group PLCTrading Statement
Schroders PLCTrading Statement
St James's Place PLCTrading Statement
Friday 20 October 
Foxtons Group PLCTrading Statement
InterContinental Hotels Group PLCTrading Statement
Record PLCTrading Statement
Monday 23 October 
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
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Angling Direct PLCHalf Year Results
Anglo American PLCTrading Statement
Barclays PLCQ3 Results
Bunzl PLCTrading Statement
FD Technologies PLCHalf Year Results
Gattaca PLCFull Year Results
Petra Diamonds LtdQ1 Results
Scancell Holdings PLCFull Year Results
Softcat PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
WAG Payment Solutions PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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16 Oct 2023 09:30

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(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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13 Oct 2023 15:48

UK earnings, trading statements calendar - next 7 days

Monday 16 October 
Audioboom Group PLCTrading Statement
Seeing Machines LtdFull Year Results
Tristel PLCFull Year Results
Tuesday 17 October 
Bellway PLCFull Year Results
BP Marsh & Partners PLCHalf Year Results
IntegraFin Holdings PLCTrading Statement
Jupiter Green Investment Trust PLCTrading Statement
Moneysupermarket.com Group PLCTrading Statement
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Smartspace Software PLCHalf Year Results
Vanquis Banking Group PLCTrading Statement
Wednesday 18 October 
Antofagasta PLCTrading Statement
BHP Group LtdTrading Statement
Cirata PLCTrading Statement
Hochschild Mining PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
Quilter PLCTrading Statement
Segro PLCTrading Statement
Sosandar PLCTrading Statement
Whitbread PLCHalf Year Results
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AJ Bell PLCTrading Statement
Centamin PLCQ3 Results
Deliveroo PLCTrading Statement
Dunelm Group PLCTrading Statement
GB Group PLCTrading Statement
Gear4Music PLCHalf Year Results
Hargreaves Lansdown PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Man Group PLCTrading Statement
Mondi PLCTrading Statement
PensionBee Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Relx PLCTrading Statement
Rentokil Initial PLCQ3 Results
Sabre Insurance Group PLCTrading Statement
Schroders PLCTrading Statement
St James's Place PLCTrading Statement
Friday 20 October 
Barclays PLCQ3 Results
Foxtons Group PLCTrading Statement
InterContinental Hotels Group PLCTrading Statement
Record PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Oct 2023 16:02

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12 Oct 2023 12:00

Barclays nixes ex-CEO Staley's bonuses after FCA's Epstein judgement

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12 Oct 2023 11:51

Former Barclays boss Jes Staley banned over Epstein scandal

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