Barclays on Wednesday was fined $115 million by a US regulator for allegedly attempting to manipulate a major benchmark interest rate.

The Commodity Futures Trading Commission said in a statement that Barclays' US traders attempted to manipulate the US dollar iteration of Isdafix, or the International Swaps and Derivatives Association Fix, between 2007 and 2012. The Isdafix benchmark is widely used in setting payout rates on pension funds and determining the cost of real estate loans.

Barclays fined $115m by CFTC for alleged manipulation of Isdafix

British bank accused of wrongdoing between 2007 and 2012

Max Colchester, The Wall Street Journal 

Barclays

Morgan Stanley’s profit surges as dealmaking and equity trading fees jump

Wall Street execs caution on dealmaking rebound even as investment banking fuels profit rise

Citigroup’s M&A and debt bankers fuel 44% dealmaking fee jump

Former Goldman Sachs executive Amar Kuchinad joins crypto firm Copper as CEO 

https://images.fnlondon.com/im-88462949?size=1.5

Former Goldman Sachs MD Amar Kuchinad joins crypto firm Copper as CEO

Dmitry Tokarev has stepped back from his role as chief executive after seven years

Kirkland loses regulatory partner to Paul Weiss 

https://images.fnlondon.com/im-68429219?size=1.5

Kirkland has been raided by Paul Weiss since it kicked off its English law offering last summer

BNP Paribas dealmaker McNaught departs in UK advisory shake-up

https://images.fnlondon.com/im-93271833?size=1.5

The French bank has added a further two managing directors amid reshuffle in UK deals team

The regulator’s former enforcement director becomes a partner at Milbank after three years pushing fines higher at the SEC.

SEC’s Grewal Moves to Wall Street After Turning Tough as Its Overseer

Inflation in the U.K. fell below the Bank of England’s 2% target in September for the first time in more than three years, making an interest-rate cut next month more likely.

U.K. Inflation Falls to Below BOE Target, Setting Up Rate Cut

The regulator said it is concerned that the part of the market that allows people to pay for insurance in installments might not be providing fair value to more than 20 million customers.

U.K. Regulator Starts Review Into Motor and Home Insurance Market

Fate of Lina Khan’s Bid to Reshape Antitrust Comes Down to Election

Chinese stocks have gone from ice-cold to red-hot in a matter of weeks, but it might be driven by momentum rather than enough stimulus to solve China’s economic woes.

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