Tag Archives: London Interbank Offered Rate

Libor Scandal : Seven Banks Summoned In US Probe – 16 August 2012

Barclays was fined for trying to manipulate the Libor rates

Seven banks, including HSBC and Royal Bank of Scotland, are to be questioned in the US for alleged manipulation of the Libor inter-bank lending rate.

The other banks receiving subpoenas by the New York attorney general are Barclays, Citigroup, Deutsche Bank, JPMorgan and UBS. Continue reading

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Forbes – Shah Gilani – It’s Not Libor Stupid, Central Banks Are The Problem – 7 July 2012

( Lucas :  The blame game has started that makes it only interesting and gets us in the blaming more and more insights in those who have robbed us, deceived, enslaved us. The truth will come out whatever way. Soon the old will vanish from the screens and out of existence. We will see the new emerging.)

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 interbank lending rates that affect some $800 trillion in loans and derivatives, but the Bank of England is about to take center stage in the scandal. Continue reading

OpEdNews – Scott Baker – The Great Unraveling Continues – 6 July 2012

TPP — Terrible Policy for the People

The Trans-Pacific Partnership aims to make whole countries into consumers, not just their citizens.   This is a critical difference, in that it makes countries subject to a new tribunal, independent of national judicial systems.   Says Common Dreams: Continue reading

Current – LIBOR Explained And It’s Implications – It’s Over For The Banking Cabal – 6 July 2012

Uploaded on 4 July 2012 by . Continue reading

Banking Regulators Drop Libor … Adopt New Standard – 5 July 2012

… New “Limor” Standard More Accurately Reflects Banking Practices

Given the loss of confidence in the big banks in the wake of revelations that they have been manipulating the world’s most important economic benchmark – Libor – regulators in the U.S. and UK have announced that they will abandon Libor and adopt a new standard. In the run up to the change in standards, Bank of England chief Mervyn King had called for a benchmark based on actual transaction prices. Continue reading

John Ward – Diamond Testimony : Slog Completely Vindicated By TSC Documents Placed In Evidence By Barclays – 4 July 2012

Whatever Diamond says this afternoon, all The Slog’s suspicions about Libor manipulation have proved entirely justified

Note these past Slogsposts:

September 8th 2010

‘Bob Diamond’s accession to the post of blue touch-paper igniter [CEO of Barclays Group] is a done deal. And another nail in the Coalition’s coffin….As long as they continue to be appeased, bankers will never learn to sniff the public mood…’ Continue reading