Wednesday, April 20, 2011

Barclays said to be at centre of LIBOR manipulation row

12 banks wordlwide sued for libor manipulation

Sixteen global banks are under investigation for manipulationg LIBOR rates during 2008, when further rises in the rates would've collapsed the whole system. French newspaper Le Figaro suggests that Barcap are at 'the heart of the inquest'. Bob Diamond was the head of Barcap at the time. More details at The Slog.

Posted by the slog @ 09:39 AM (685 views)
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