LIBOR ICAP SETTLEMENT
At the end of September, London interdealer broker ICAP agreed to pay £55 million in settlement of allegations of wrongdoing to UK and US regulators. The investigations alleged that ICAP traders had participated in Libor rate fixing. ICAP is the fourth financial institution to enter into a financial settlement with regulators in the UK and the US. Previous global Libor settlement figures agreed by Barclays, UBS and RBS have totalled...