riviera1992
07-02-2012, 09:59 PM
http://www.guardian.co.uk/business/2012/jun/30/banking-scandal-barclays-lawsuits-libor
Excerpt:
[It is understood at least 16 banks in addition to Barclays are being investigated. Inquiries into alleged market manipulation are being carried out in the UK, the US, Japan, Canada, the European Union and Singapore and involve nine government agencies.
The lawsuit filed by Charles Schwab against a number of banks including Barclays, HSBC, Lloyds and RBS, whose chief executive Stephen Hester is under fire over June's IT problems that left customers unable to withdraw cash, shines light on the scale of the alleged scandal.
Schwab's lawyers hired independent experts to examine the banks' trades during the "critical two-week period following the bankruptcy of Lehman Brothers".]...
...[Bureau of investigators want to determine whether the banks conspired to fix derivative interest rates, a major form of market manipulation. According to the affidavit, one bank which has turned whistleblower and agreed to help the Canadian authorities with its investigation, the banks "communicated with each other... to form agreements..." which "was done for the purpose of benefiting trading positions".]
-----------------------------------------------------------------------------------
There will never be a better time in history to pass the Ron Paul Audit the Fed bill. Call your senators.
Excerpt:
[It is understood at least 16 banks in addition to Barclays are being investigated. Inquiries into alleged market manipulation are being carried out in the UK, the US, Japan, Canada, the European Union and Singapore and involve nine government agencies.
The lawsuit filed by Charles Schwab against a number of banks including Barclays, HSBC, Lloyds and RBS, whose chief executive Stephen Hester is under fire over June's IT problems that left customers unable to withdraw cash, shines light on the scale of the alleged scandal.
Schwab's lawyers hired independent experts to examine the banks' trades during the "critical two-week period following the bankruptcy of Lehman Brothers".]...
...[Bureau of investigators want to determine whether the banks conspired to fix derivative interest rates, a major form of market manipulation. According to the affidavit, one bank which has turned whistleblower and agreed to help the Canadian authorities with its investigation, the banks "communicated with each other... to form agreements..." which "was done for the purpose of benefiting trading positions".]
-----------------------------------------------------------------------------------
There will never be a better time in history to pass the Ron Paul Audit the Fed bill. Call your senators.