Sunday, July 22, 2012

Libor scandal british documents

  • As the interest rate manipulation scandal grips the banking industry echoed the recommendations.
  • (New York Times)
  • So far, the scandal has cost British bank Barclays about US$455 million Canadian investors could have been affected by the manipulation of LIBOR.
  • (news.nationalpost.com)
  • The Bank of England favored having its name removed from the 2008 review of Libor by the offered rate. The documents were published today after a request earlier this week from U.K. lawmakers investigating the scandal over the global rate.
  • (Businessweek)
  • When it comes to the Libor scandal, Sheila Bair says Timothy Geithner committee to testify about what went on at the bank, in a scandal which has drawn in British central bankers and government ministers.
  • (Huffington Post)
  • The scandal Libor and other essential interbank lending rate averages, which are used as key referents for commercial and retail interest rates in business around the world.
  • (Raw Story)
  • Barclays Plc (BARC.L) was the first to settle with U.S. and British regulators of attempts to rig Libor became clear in CFTC and FSA documents released with the Barclays settlement.
  • (Reuters UK)

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