Tag Archives: Culture Of Greed And Arrogance: Minutes Show Bank Of England Was Aware Of Currency Rigging Eight Years Ago

Mish/ Mike Shedlock – Culture Of Greed And Arrogance: Minutes Show Bank Of England Was Aware Of Currency Rigging Eight Years Ago – 10 March 2014

MishMikeShedlockBank of England head Mark Carney faces a grilling from lawmakers tomorrow as Minutes Show Bank of England was Aware of Currency Rigging Eight Years Ago.

Bank of England Governor Mark Carney will face his toughest public testimony to date as he seeks to defend the integrity of an institution that’s become embroiled in the currency-manipulation scandal.

Lawmakers will grill Carney tomorrow after the BOE suspended an employee and released minutes of meetings showing officials knew of concerns the foreign-exchange market was being rigged almost eight years ago. The central bank said last week that an internal review has found no evidence so far that staff were involved in collusion. Continue reading