Tag Archives: Libor

JPMorgan Chase Libor Subpoenas Coming from Everybody in the World

August 9, 2012 | HuffPost Pretty much everybody in the world with subpoena power has hit JPMorgan Chase with requests for information in the Libor-rigging scandal. The biggest U.S. bank revealed the extent of its involvement in the probe in … Continue reading

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Libor Lie – A Black Swan?

July 16, 2012 | USAWatchdog.com  The Libor interest rate rigging scandal is being called the biggest financial fraud in history.  Libor is a key interest rate that is used globally to set as much as $800 trillion in transactions.  It … Continue reading

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Exclusive: Prosecutors, Regulators Close to Making Libor Arrests

July 22, 2012 | Reuters U.S. prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping investigation into the rate-rigging scandal. Federal … Continue reading

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Time for ‘Banksters’ to Be Prosecuted

Washington Post | July 10, 2012 by Katrina vanden Heuvel “Banksters,” the cover of the Economist magazine charges, depicting a gaggle of bankers dressed as extras off the “Goodfellas” lot. The editors were reacting to Libor-gate, the collusion among traders … Continue reading

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Citigroup Manipulated Libor More Than Any Other U.S. Bank: Reports

July 20, 2012| Huffington Post by Mark Gongloff, Chief Financial Writer So far Barclays has been the sad, British face of the Libor scandal, but there could soon come a day when an American bank could be the poster child … Continue reading

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The British, at Least, Are Getting Tough

“Later, in a speech to Parliament, [Chancellor of the Exchequer] Mr. Osborne voiced the question that so many have asked recently in the United States. “Fraud is a crime in ordinary business — why shouldn’t it be so in banking?” … Continue reading

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FORBES: It’s Not Libor Stupid, Central Banks Are the Problem

July 6, 2012 | Forbes The Libor scandal is about to get a whole lot worse. And, that’s the good news. Not only are at least twenty more big banks under investigation as part of a massive fraud to manipulate … Continue reading

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Roubini: Break Up the Banks or Hang Someone in the Streets

July 8, 2012 | Business Insider What can we do to prevent banking scandals? In a recent interview, Bloomberg’s Caroline Connan asked Nouriel Roubini what he thought about the Barclays LIBOR rate-fixing scandal. Rather than addressing it directly, Roubini argued … Continue reading

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Robert Reich: This Is the Wall Street Scandal of All Scandals

Note: Robert Reich, one of the nation’s leading experts on work and the economy, is Chancellor’s Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three national … Continue reading

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Exclusive: U.S. Conducting Criminal Libor Probe

Exclusive: U.S. Conducting Criminal Libor Probe Carrick Mollenkamp, Reuters February 28, 2012 (Reuters) – The Justice Department is conducting a criminal probe into whether the world’s biggest banks manipulated a global benchmark rate that is at the heart of a … Continue reading

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