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Tag Archives: London Interbank Offered Rate

Liborgate to claim Bob Diamond? | Banking insight

FT reports (subscription: story link) that the ex CEO of the Bank, Bob Diamond and the current Investment Banking Head Rich Ricci are among those who have been indicted in … Continue reading

January 24, 2013

US Economy: Bernanke’s Testimony at the Senate Banking Committee Day 1: No QE3 right now.

Read my Lips. We are the US regulator. We cannot regulate LIBOR which is run by the British. A flabbergasted Ben Bernanke would have probably used those words at home … Continue reading

July 17, 2012

Global Mid-Day Report: If you know where you are going to be.. may be easy enough to find yourself here Markets remain confused by trends and counter trends in between bouts of hope and despair. Spanish yields at 6.7% are a … Continue reading

July 10, 2012

US Morning Report: All’s not hunky dory but then, we have barely begun!

All Economic Data is not bad, in fact some ¬†even “beat expectations” Data is anemic at best confirming everyone’s worst fears for May and June. PMI for the month for … Continue reading

July 2, 2012

Global Mid Day Report: Natural Gas Inventories scare investors, Hospitals provide the only cheer

The Euro tumbled closer to breaking down below 1.24 levels today afternoon as the Natural Gas Report in the US shored up inventories of 3000 BCF by another 57 BCF … Continue reading

June 28, 2012

Barclays pays in Libor Gate, Facebook rated by JP Morgan, Morgan Stanley | Banking Insight

Braclays settled with regulators adding to the negative Earnings hit from PPI of last year with another GBP300 M or $454 M and instead of potential clawback actions, top management … Continue reading

June 27, 2012

Banks get ready for Crisis 3.0 – HSBC, BarCap and Nomura create a quintet issuer | Banking Insight

The LIBOR in muddy waters gave banks a brief respite from setting inter bank rates and as European Banks try to think up ways to increase their rate of return … Continue reading

March 18, 2012 · 1 Comment

LIBOR scapes: Charles Schwab unleashes RICO on US colleagues | Banking Insight

RICO: Racketeer Influenced and Corrupt Organisations Act, used to prosecute the Mafia and last Major League Baseball and Mike Milken Thanks to Charles Schwab, US banks under the LIBOR probe … Continue reading

February 16, 2012

Canadian and Swiss investigators target LIBOR trades | Banking Insight

The Canadian Competition Bureau targeted HSBC, RBS and Barclays Bank in its investigation on suppressing of the LIBOR rate seemingly as all London based banks conceded they were subject to … Continue reading

February 16, 2012