Libor Rate-Rigging Scandal
John Bloom is vice president of organizational culture at San Francisco-based RSF Social Finance, a pioneering funder of
We Invited Our Borrowers and Investors to Help Set Our Interest Rate: Six Years Later, Here's How It's Going
Can you imagine your bank inviting you to come and talk about your interest rate?
In addition to admitting guilt, the banks will also pay fines. Barclays will pay $650 million, Citigroup $925, million J.P
None of this will come easy. But this report lights the way. It should be repeated in city after city, in state after state, so that everyone can see just how Wall Street is impoverishing the richest country on Earth.
JPMorgan Chase stands accused of essentially funneling funds to Wen Jiabao's only daughter to win business in China, bringing a federal probe. Yet the takeaway here merely reinforces a truth that has long been evident to those paying attention to the pungent interplay of money and power in China: Despite the prattling of global business leaders that their presence in China is a wholesome boon to justice and right, they have frequently enriched themselves by engaging in the very dirty doings they claim to disdain.
WASHINGTON, Sept 25 (Reuters) - Three former brokers at ICAP Plc, the world's biggest interdealer-broker, face criminal charges
Hello Congress, Federal Reserve, Commodities Futures Trading Commission, Federal Trade Commission, Department of Justice, 1600 Pennsylvania Avenue, is anybody listening? Or do the Big Boys just get to play while we pay and pay!?
Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, told the FT that the existing system was "unsustainable