Barclays, the third largest bank in Britain, is to cut at least 3,700 jobs as part of chief executive Antony Jenkins’ plan to overhaul the bank’s culture and reduce annual costs by[...]
UBS AG is expected to be hit with a $1 billion (618.4 million pounds)-plus fine to settle charges of rigging Libor interest rates this week, making it the second bank to be brought[...]
17 Dec 2012
The UK anti-fraud agency has arrested three men in connection with the Libor interest rate manipulation scandal that broke earlier this year. According to Britain’s Serious F[...]
11 Dec 2012
Tag banking, barclays, citigroup, credit suisse, crime, deutsche bank, hsbc, interest rate, law, libor, uk
RBS and UBS traders accused of manipulating the Libor face arrests within a month, Bloomberg’s Lindsay Fortado reports. In case you’ve forgotten, the Libor is the Londo[...]
Senior traders at Royal Bank of Scotland boasted about operating a “cartel” that made “amazing” amounts of money by rigging interest rates, it has been disclosed. Internal messages[...]
27 Sep 2012
Tag banking, barclays, cartel, crime, finance, interest rates, libor, money, new world order, rbs, rigging, royal bank of scotland, scandal, traders
From the Mail: A bank clerk who dreamed of becoming a model stole £46,000 from the tills — and spent it on plastic surgery and shopping sprees. Rachael Claire Martin, 24, used the [...]
19 Jul 2012
According to news reports, UK banks fixed the London interbank borrowing rate (Libor) with the complicity of the Bank of England (UK central bank) at a low rate in order to obtain [...]
16 Jul 2012
Angry bank customers have been voting with their wallets and bombarding co-ops, building societies and credit unions with applications for current accounts over the past week, afte[...]
It’s not a comfortable weekend for the men heading some of the world’s biggest banks. Barclays has already been hit by a £290m fine for rigging interest rates but that [...]