This and That: LIBOR scandal, Investment Advice and more… is brought to you by Canadian Capitalist -- Helping you to invest & prosper.
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Sunday, July 8, 2012
This and That: LIBOR scandal, Investment Advice and more…
Banks behaving badly (again!) Barclays, a giant British bank is in hot waters over revelations that its bankers colluded with its traders in gaming the bank’s rate submissions in setting the LIBOR rate. The sordid e-mail exchanges from traders included such gems as ““WE WANT TOMORROW’S FIX TO BE 4.07 MINIMUM, 4.07….NOTHING LESS…” and Barclays [...]
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