At Least Three Banks Identified at Core of LIBOR Rigging Scandal
HJ: It is very reassuring to see major mainstream media news outlets like Reuters not dropping the ball on the LIBOR scandal story– letting it get overshadowed by tragic distractions in Bulgaria or…
Investigators Are Closing In On Two Other Banks Involved In LIBOR Rigging
Carrick Mollenkamp and Emily Flitter, Reuters | Jul. 28, 2012, 6:38 AM Business Insider (Reuters) – New details from court documents and sources close to the Libor scandal investigation suggest that groups of traders working…
LIBOR Infographic: The Scandal Explained
HJ: This infographic helps to elucidate the main players in the scandal and some of the highlights of the nefarious insider practices that have been going on for many years, probably decades. Simple,…
LIBOR in Context: Oil Market Manipulation Is Far Worse
HJ: And the dominoes continue to fall. These articles are exposing what many of us already know– that all markets are heavily manipulated. When you have interests as powerful and wealthy as the…
Lieborgate: Here Come The Arrests – Prosecutors and Regulators Closing In
HJ: This article signals the next phase in the LIBOR scandal is about to kick into high gear. It is incredible to finally see action being taken against the banks who have been…
LIBOR Scam: RBS ‘Fighting Tooth & Nail to Hide Secrets’ in Key LIBOR/Yen Case
By John Ward The Slog Suspicions grow as Royal Bank of Scotland refuses to hand over records to Canadian authorities Libor investigation spreads to encompass RBS misreporting in Yen Source claims Treasury behind…
U.S. Is Building Criminal Cases in Rate-Fixing LIBOR Scandal
BY BEN PROTESS AND MARK SCOTT NY Times As regulators ramp up their global investigation into the manipulation of interest rates, the Justice Department has identified potential criminal wrongdoing by big banks and individuals at the…
Geithner Made Recommendations on Libor in 2008, Documents Show
By Jia Lynn Yang, Published: July 12 Washington Post While president of the Federal Reserve Bank of New York, Timothy F. Geithner pressed British regulators to reform the way a critical global benchmark called the London…
US Attorney Generals Jump On The Lieborgate Bandwagon; 900,000+ Lawsuits To Follow
By Tyler Durden on 07/11/2012 21:00 -0400 Zero Hedge The second Barclays announced its $450 million Libor settlement, it was all over – the lawyers smelled not only blood, but what may be the biggest…
The LIBOR Scandal Explained In Under 90 Seconds (Video)
From Business Insider The LIBOR scandal, which some people consider “the Wall Street scandal of all scandals,” has dominated headlines recently. The subject is incredibly complex. LIBOR, the London Interbank Offered Rate, is determined by 18 banks…
