Hints and tips:
...Lawyers for the US Commodity Futures Trading Commission have agreed to settle a high-profile futures manipulation case against the food companies Mondelez International and Kraft Heinz, less than four months...
...The CFTC charged Kraft Heinz and Mondelez in 2015 with rigging US grain prices by purchasing massive quantities of Chicago-listed wheat futures....
...A long-running legal tussle between the food companies Mondelez International and Kraft Heinz and a US market regulator reignited in fury, just hours after it had been formally concluded by a federal judge...
...Over a period of at least five years to May 2012, “multiple” traders in Deutsche’s securities unit attempted to manipulate the US dollar International Swaps and Derivatives Association Fix (Isdafix), a benchmark...
...of its California-based subsidiaries, Banamex USA....
...Wednesday’s order brings the CFTC’s total penalties to over $2.8bn for manipulative conduct with respect to Libor and other benchmark interest rates, and $2.2bn for rigging Isdafix and FX benchmarks....
...The allegations in the Kraft case suggest that corporates are not immune to the thrill of rate-rigging. Nor is the case unprecedented....
...ICAP and other banks are still being investigated by the CFTC for their role in the alleged rigging of Isdafix....
...(Bloomberg) “Barclays Capital has been ordered to pay $2.1 million to a New York-based trader it fired last year in connection with the alleged rigging of the London interbank offered rate, or Libor, according...
...The probe by the Commodity Futures Trading Commission marks a widening of the multi-pronged international investigation into the rigging of a variety of interest rates, most prominently the London interbank...
...The rates are collated to provide the ISDAfix, named for the International Swaps and Derivatives Association....
...Shortly afterwards, a bid-rigging scandal in another part of MMC caused the ousting of the parent company’s chief executive and Mr Cherkasky took over....
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