Friday, 29 June 2012

Banks screwed

Barclays Big-Boy Breaches Mean Libor Window Dressing 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.

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

investing, facepalm, stupid, regret  

Read more:

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:

Barclays PLC President Bob Diamond

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