Clik here to view.
EVERYONE FOR THEMSELVES: Wall Street Banks Are Throwing Each Other Under The...
Is there anyone on the Street who didn't see this coming? Ever since Barclays paid a huge settlement for manipulating the LIBOR last month, investigators have been looking into manipulation at all...
View ArticleClik here to view.
While Real Criminals Go Free, People Get Arrested For Collecting Rainwater
At one point during lunch today at an infamously spicy Sichuan restaurant in London’s Soho district, my colleague turned to me and said, “You know, it’s shocking to me that there hasn’t been a single...
View ArticleClik here to view.
A Greek Banker Spills On The Early Days Of The Libor And His First Deal With...
LONDON (Reuters) - Minos Zombanakis, born 86 years ago on a Greek island, remembers the birth of the interest rate benchmark now at the heart of a global rigging scandal well. "I was, more or less, if...
View ArticleClik here to view.
REPORT: Former UBS Traders Are Getting A Deal To Snitch On Their Old Coworkers
The international probe into LIBOR manipulation rages on. LIBOR is a key benchmark rate used all over the world to set borrowing rates. According to the Wall Street Journal's Jean Eaglesham and Joe...
View ArticleClik here to view.
The Libor Investigation Has Turned UBS Into A War Zone
“You want loyalty? Get a dog.” Wall Street management was notorious for playing the loyalty card with employees when they were preparing to screw them during bonus season. I am going to guess that...
View ArticleClik here to view.
Why Central Banks May Never Allow LIBOR To Be Fixed
U.K. investigator Martin Wheatley kicked off his study of one of the world's most important benchmark rates—LIBOR—today with the publication of an initial discussion paper on how the rate might be...
View ArticleClik here to view.
The Ex-Banker Behind The LIBOR Probe Is Cracking The Whip On An Industry That...
Gary Gensler had a long career at Goldman Sachs before taking the helm of the Commodity Futures Trading Commission – an agency now loathed by many Republicans and bankers. The LIBOR investigation –...
View ArticleClik here to view.
REPORT: A Bunch Of Banks Just Got LIBOR Subpoenas
Bloomberg is reporting that a bunch of banks just got state subpoenas on LIBOR (London Interbank Offered Rate). Bloomberg News David McLaughin reports that JPMorgan, UBS and Barclays are said to have...
View ArticleClik here to view.
This Is Actually Real: The First Rule Of Libor Club Is You Do Not Talk About...
We knew this Libor stuff was secretive and messy, but this is even more than we imagined. Apparently, every two months the world's biggest banks send unknown representatives to an undisclosed location...
View ArticleClik here to view.
A Barclays Summer Intern Spills On What It Was Like To Find Out His CEO Was Gone
Daily Intel's Kevin Roose has put out some awesome stuff about interns this summer, but this probably takes the cake. He asked a Barclays intern what it was like to find out the bank's CEO, Bob...
View ArticleClik here to view.
LIBOR Scandal Claims New York-Based Barclays Executive And Trader
The fallout from an investigation into the attempted manipulation of global benchmark interest rates has again rocked Barclays Plc, as the bank recently ousted a top executive and a trader in New York...
View ArticleClik here to view.
RBS May Be The Next Big Bank To Pay Up Over LIBOR Scandal
Royal Bank of Scotland is facing a fine of between 200 million pounds and 300 million pounds ($481 million) for its role in a global interest rate rigging scandal, the Financial Times reported on...
View ArticleClik here to view.
Managers At RBS Condoned LIBOR Manipulation
Sept. 25 (Bloomberg) -- Royal Bank of Scotland Group Plc managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing extended beyond the four traders...
View ArticleClik here to view.
'HAHAHAH' -- Instant Messages From RBS Show Traders Reportedly Laughing At...
Bloomberg News' Andrea Tan, Gavin Finch and Liam Vaughan report that some internal transcripts of instant messages from the Royal Bank of Scotland show traders laughing at fixing Libor (London...
View ArticleClik here to view.
A Charming Stick Figure Rendering Of How The Libor Inquiry Committee May Be...
Who wants to take responsibility for manipulating one of the world's key interest rates? Please follow Clusterstock on Twitter and Facebook.Join the conversation about this story »
View ArticleBankers Started Laughing When Barclays Got Pranked At An Awards Show Last Week
Last week, a group of pranksters known as "The Intruders" hijacked The Banker's Investment Banking Awards in London's Mayfair District and documented it, The Telegraph reported. The Investment...
View ArticleClik here to view.
BLOOMBERG: RBS And UBS Traders To Face Arrests Over Libor Scandal Within A Month
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 London Interbank Offering Rate, a...
View ArticleClik here to view.
UK Investigating A Claim Of 'Libor-Like' Manipulation Of Gas Prices
The City watchdog, the Financial Services Authority, is investigating claims by a whistleblower that Britain's £300bn wholesale gas market has been "regularly" manipulated by some of the big power...
View ArticleClik here to view.
Barclays Has Handed British Authorities Over 200 Names Of Employees...
Barclays has handed a British Court 208 names of employees associated with the Libor scandal that brought down the bank's CEO, Max Colchester of the Wall Street Journal reports.This summer, Barclay's...
View Article3 MEN ARRESTED OVER LIBOR MANIPULATION
Three men have been arrested in the UK over the LIBOR manipulation scandal that broke earlier this year.Here's the full release from the U.K.'s Serious Fraud Office: Today the Serious Fraud Office,...
View Article
