Traders Manipulated Key Rate, Bank Says

A group of traders and brokers successfully manipulated an interest rate that affects loans around the world, one of the banks being investigated has told regulators.

Topics:  traders   manipulated   rate   bank   
BING NEWS:
  • China keeps key rate steady with traders expecting cuts in 2025
    BEIJING - China has kept a key interest rate unchanged – a move widely expected by economists – as it seeks to keep its powder dry ahead of possible escalation in trade tensions with the ...
    12/26/2024 - 6:04 am | View Link
  • Fed reduces key rate by a quarter-point, envisions fewer cuts in 2025
    We’re closer to the neutral rate, which is another reason to be cautious about further moves," said Fed Chair Jerome Powell.
    12/18/2024 - 7:09 am | View Link
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