Category: LIBOR collusion scandal


Daily News Roundup 2012: Friday 14 December

In which: the Libor scandal gets some juicy transcripts, and UBS has rumours of a giant fine. Good morning The headlines: Libor. Link: the transcript. You know how we all love writing things on that in-office messenger program: where we rant and ridicule from the privacy of a laptop screen to our bestie-work-colleague down on […]

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LIBOR: the FSA has a new supervision plan! Yay!

Link: nought like more regulation. And more regulation is like doing nought. The current suggestion is that oversight of the Libor setting process be handed over to the FSA (Financial Services Authority – the British equivalent of the SEC). This was suggested, oddly enough, by the head of the FSA, Mr Mark Wheatley. He also proposed […]

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LIBOR: the Fallen Bodiless Power of the Bank of England

Tucker talks: “THE BANK OF ENGLAND DID NOT HAVE SEXUAL RELATIONS WITH THAT WOMAN”. In the most recent round of mud-slinging and/or name-calling, the Bank of England has been attempting to distance itself from the Libor scandal. BoE deputy governor Paul Tucker testified yesterday that no government official pressured him to instruct Barclays to lower […]

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LIBOR: Fiddling in the Banking Vatican

Collusion. It’s a dirty word that makes a lot of money until someone proves it. Then it costs a lot of money. And recently, Bloomberg has been abuzz with the LIBOR-fixing collusion scandal. The banks have been scurrying around not commenting and/or selling other banks down the river. The river Thames, presumably. With the pollution and […]

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Daily News Roundup 2012: Friday 2 March

Good morning The headlines: The Oil price rose dramatically yesterday after a rumour of an explosion on one of the Saudi oil pipelines. Apparently – the rumour came from an Iranian source. The Saudis deny it. Did anyone else realise that the Saudis and the Iranians don’t see eye to eye? It’s Sunni versus Shiite […]

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