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Tag Archives: Barclays

Barclays makes £500m betting on food crisis | The Independent

Barclays has made as much as half a billion pounds in two years from speculating on food staples such as wheat and soya, prompting allegations that banks are profiting handsomely from the global food crisis. Barclays is the UK bank with the greatest involvement in food commodity trading and is one of the three biggest global players, along with the ...

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Libor arrests in US could be imminent, say sources | guardian.co.uk

Barclays, which signed a non-prosecution agreement with US prosecutors, is the first major bank to reach a settlement in the Libor investigation. American prosecutors and European regulators are close to arresting individual traders over the Libor scandal and charging them with colluding to manipulate global benchmark interest rates, according to sources familiar with the investigation. Federal prosecutors in Washington DC ...

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Matt Taibbi: Libor Rate-Fixing Scandal ‘Biggest Insider Trading You Could Ever Imagine’ | DemocracyNow!

Rolling Stone’s Matt Taibbi joins us to discuss the pattern of systemic corruption by 16 banks accused of rigging a key global interest rate used in contracts worth trillions of dollars. The London Interbank Offered Rate, known as Libor, is the average interest rate at which banks can borrow from each other. Some analysts say it defines the cost of ...

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