ICAP Plc, the world’s largest broker of transactions between banks, said revenue in the three months to the end of December fell 6 percent from the year-earlier period, with a “slower” December than anticipated.
In a light week due to the Christmas holiday, data will probably show business investment in the U.S. started getting back on track in November, prices climbed in Japan and inflation in Mexico picked up in early December.
Three former ICAP Plc employees were charged by U.S. prosecutors in a scheme to manipulate Libor as the interdealer broker was fined $88 million in a five-year international probe of rigging of benchmark interest rates.
ICAP Plc Chief Executive Officer Michael Spencer comments on efforts to curb the euro debt crisis and Greece. Spencer spoke in an interview at ICAP during a charity fund-raising event in his London offices.