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 ...Read More »
Tag Archives: Libor
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 ...Read More »