NEX Group Subsidiary Agrees $50m Settlement over ISDAFIX Manipulation

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NEX Group Subsidiary Agrees $50m Settlement over ISDAFIX Manipulation – Profit & Loss

Intercapital Capital Markets, a NEX Group subsidiary formerly known as ICAP Capital Markets, has agreed a $50 million settlement with the US Commodity Futures Trading Commission in relation to allegations that some of its brokers aided and abetted attempts by several of its bank clients to manipulate the ISDAFIX benchmark. 
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Barclays Faces Fresh Whistleblowing Concerns: ‘I Would Not Trust the Process’

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Barclays Faces Fresh Whistleblowing Concerns: ‘I Would Not Trust the Process’- Financial News (subscription)

Several staff at the bank said they have struggled to get senior executives to take their whistleblowing claims seriously. Their concerns ranged from suspected compliance failures and rule breaches to inappropriate behaviour enacted by senior management.
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