Libor Rate-Rigging Scandal

John Bloom is vice president of organizational culture at San Francisco-based RSF Social Finance, a pioneering funder of
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
That’s pretty much how we get to the latest benchmark rigging scandal, this time in the “Wild West” $5.3 trillion-a-day world
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.
Among the banks named as defendants include Bank of America Corp, Barclays PLC, Citigroup Inc, Credit Suisse Group AG, Deutsche
When banking is so powerful that the very business the banks are chartered to serve cannot discipline its business unfriendly behavior through market pressure, we are in a serious state of affairs. What to do?
"This has always been about more than FX," the source said, adding that the casual nature of online chat rooms increased
Regulators in the United States, Hong Kong, Singapore, the United Kingdom, Switzerland and elsewhere are investigating potential manipulation of the market for foreign currency, sometimes called FX or foreign exchange.
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.
Rabobank's $1.1 billion dollar settlement can serve as an opportunity to take stock again of what the Libor manipulation represents and where it stands.
AMSTERDAM, Oct 29 (Reuters) - U.S. and European regulators ordered Dutch lender Rabobank to pay $1.07 billion to settle allegations
Deutsche Bank declined to comment on the report. (Reporting by Arno Schuetze; Editing by Alison Williams) The talks follow
What has become of our center? If history is any guide, business leaders themselves have a critical role to play.
WASHINGTON, Sept 25 (Reuters) - Three former brokers at ICAP Plc, the world's biggest interdealer-broker, face criminal charges
The other banks include Lloyds Banking Group Plc, Westlb AG, Royal Bank of Scotland, Cooperatieve Centrale Raiffeisen Boerenfleenbank
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!?
The question is, do taxpayers want to have their public monies in a bank that has been proven to be defrauding them?
Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, told the FT that the existing system was "unsustainable