September 25, 2013 BY Gerald Segal

Breaking News: ICAP's Yen Libor manipulation leads to $87 million in CFTC and FCA fines

ICAP's fine is one of the largest civil monetary penalties ever doled out by either financial regulator. Breaking news,,, The CFTC has announced it has ordered ICAP Europe to pay a $65 million fine related to the manipulation of the Yen Libor rate over a four year period. ICAP was similarly assessed a £14 million (approximately $22.4…

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