Friday, 29 June 2012

Banks screwed

Barclays Big-Boy Breaches Mean Libor Window Dressing Not Enough

http://www.businessweek.com/news/2012-06-29/barclays-big-boy-breaches-mean-libor-fixes-not-enough



Thu Jun 28, 2012 10:44pm EDT

(Reuters) - A U.S. judge ordered Barclays Plc and the U.S. Justice Department on Thursday to explain if the bank's $453 million settlement of allegations it manipulated interest rates affects a 2010 settlement in a case involving alleged illegal dealings with banks in countries like Iran and Cuba.

http://www.reuters.com/article/2012/06/29/us-barclays-judge-idUSBRE85S04W20120629



Barclays Settles LIBOR Fixing Claim, And BOY Did Its Bankers Write A Bunch Of Embarrassing Emails

investing, facepalm, stupid, regret  

Read more: http://www.businessinsider.com/stupid-embarassing-and-potentially-illegal-things-bankers-put-in-e-mails--barclays-edition-2012-6#ixzz1zBDKt4mw





A new nightmare on Wall Street? U.S. banks face criminal probe into global interest rate-fixing scheme as Barclays blows the whistle on America's financial giants



Read more: http://www.dailymail.co.uk/news/article-2166198/Libor-scandal-Barclays-blows-whistle-Americas-financial-giants.html#ixzz1zBDzhsW5




Barclays PLC President Bob Diamond


http://www.dailymail.co.uk/news/article-2166198/Libor-scandal-Barclays-blows-whistle-Americas-financial-giants.html?ITO=1490



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