Barclays has been ordered to pay $2.1 million in damages to a New York-based trader it fired last year in the scandal over alleged manipulation of the London interbank offered rate, or Libor.

According to regulatory filings made by Barclays, Dong Kun Lee was discharged July 30, 2012, for having "engaged in communications involving inappropriate requests relating to Libor".

Barclays must pay $2.1m to trader fired in Libor scandal

Dong Kun Lee had originally asked for about $5.3 million in damages, but later reduced his request

The Wall Street Journal

Barclays

Accounting watchdog probes BDO’s audit of Home REIT

Impax assets slump 25% as ESG rout continues

FCA set to slash rules for smaller private equity firms and hedge funds

Pimco Emea boss Craig Dawson returns to California for new role

https://images.fnlondon.com/im-22233932?size=1.5

Christian Stracke, global head of credit research, will run Emea from bond giant’s London office

BNP Paribas flies in Lynagh from New York to head UK global banking

https://images.fnlondon.com/im-10531328?size=1.5

Mark Lynagh is succeeding Matthew Ponsonby who has resigned from the bank

PwC hires Jefferies managing director in deals push

https://images.fnlondon.com/im-75247515?size=1.5

Big Four firm boosts insurance M&A team with hire from US bank

Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC chief Bill Demchak.

PNC Names Former BlackRock Star Mark Wiedman as President

The 10-year Treasury yield was lower, and Monday’s jump in yields reflected broader concerns about the safety of U.S. assets, according to Deutsche Bank.

Monday’s Jump in 30-Year Treasury Yields Suggests Doubts Over Safety of U.S. Assets

The ingredients are in place for a “sucker’s rally” in stocks.

The Stock Market’s Fear Gauges Point to a Bounce, Not a Bottom

Stan Druckenmiller, Bill Ackman and Jamie Dimon are among those raising concerns about the president’s steep, across-the-globe levies.

By Gregory Zuckerman, AnnaMaria Andriotis and Gina Heeb

Wall Street Starts to Speak Out Against Trump’s Tariffs

The billionaire hedge-funder’s presence in the market has driven prices higher than ever before.

Ken Griffin Pushed the Luxury Home Market to New Highs—For Better or Worse

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