From Ian Fraser Blog
''Barclays was fined a record $451m after investigators found traders and senior managers “systematically” tried to rig the Libor and Euribor, its equivalent in euros. Barclays — together with Lloyds Banking Group, RBS and HSBC — are now facing massive litigation risk after mounting evidence that they were members of an “international cartel” of global banks that conspired to rig interbank lending rates, including Libor and Euribor in the period 2005-09.''
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