U.S. prepare criminal case against banks that fixed interest rates in global scandal


The investigation into the LIBOR interest rate-rigging scandal is widening as the U.S. Justice Department is expected to file criminal charges against individual employees and at least one bank later this year.

As well as building cases against several banks, the department’s criminal division is also targeting individuals at the center of the scandal, including traders at Barclays, according to government officials who spoke anonymously to The New York Times.

In a global investigation, authorities are examining whether financial firms fraudulently manipulated interest rates to improve their profits and appear healthier than they were.

Last month British bank Barclays was fined $453 million after admitting to influencing the LIBOR (London Interbank Offered Rate). http://www.dailymail.co.uk/news/article-2173859/Libor-scandal-U-S-p...

Views: 387

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

Comment by truth on July 16, 2012 at 6:10am

Comment by truth on July 16, 2012 at 6:09am

Comment by truth on July 16, 2012 at 5:02am

News for LIBOR i


Toronto Star
  1. Libor Flaws Allowed Banks to Rig Rates Without Conspiracy

    Businessweek‎ - 4 hours ago
    Flaws in the way Libor is set allowed individual banks to manipulate the key global interest rate for profit for years, according to traders.

$350-trillion Libor financial scandal makes fools of us

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega commented on Burbia's blog post James Comey appears to call for the assassination of President Trump
"Goes to show what ruthless bastards we have in the federal government!"
10 hours ago
Doc Vega favorited Burbia's blog post James Comey appears to call for the assassination of President Trump
10 hours ago
Doc Vega posted a blog post

Memorial Day Special: The Battle of the Coral Sea and its Incredible Impact

 When we re-examine major events in history sometimes truly significant occurrences can be…See More
yesterday
cheeki kea posted a video

Trump Just Wrecked South Africa...

President Trump just met the president of South Africa, and the discussion quickly turned to the refugee crisis taking place in that country, and what the So...
yesterday
cheeki kea commented on Burbia's photo
Thumbnail

What's in Macron's hand? Cocaine bag?

"I think folks need to watch the vid and make up their own minds about the question. It's not…"
Thursday
cheeki kea posted a photo
Thursday
Doc Vega posted a blog post

The Vampires of Washington DC

 There are many forms of vampire from the supposedly mythical humanoid form to the actual bat that…See More
Wednesday
Less Prone posted a video

How to make a modern heating stove that millions of people do not know

How to make a modern heating stove that millions of people do not know
Wednesday
Doc Vega posted blog posts
Monday
Doc Vega's 7 blog posts were featured
Monday
tjdavis's blog post was featured
Monday
Burbia's blog post was featured
Monday
cheeki kea's blog post was featured
Monday
Less Prone posted a video

PFIZER-GATE verdict - A resounding Slap in the Face for Ursula von der Leyen

🇨🇦🇺🇸🇬🇧🇦🇺 | ++ PFIZER-GATE verdict - A resounding slap in the face for EU corruption-president Ursula von der Leyen ++💉💰 1.8 billion doses of corona...
Monday
Doc Vega posted a blog post

Strange Horror Story (Told in First Person)

 It was 3 AM and I was just getting off work. Owning a small service business, I worked commercial…See More
May 17
Doc Vega commented on Doc Vega's blog post If History is Ever Portrayed as It Really Happened
"Most likely one of their many butt buddies! "
May 17
Burbia posted a blog post

James Comey appears to call for the assassination of President Trump

I'm sure these are the kind of shells Comey is implying here. …See More
May 16
Doc Vega posted blog posts
May 15
rlionhearted_3 commented on Doc Vega's blog post If History is Ever Portrayed as It Really Happened
"The “white dude in the center” is Bill Gates. People been planning shit for generations."
May 15
rlionhearted_3 favorited Doc Vega's blog post If History is Ever Portrayed as It Really Happened
May 15

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted