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Insight - At least three banks seen central to Libor rigging
Jul 28th, 2012
(Reuters) - New details from court documents and sources close to the Libor scandal investigation suggest that groups of traders working at three major European banks were heavily involved in rigging global benchmark interest rates. Some of those traders, including one who used to work at Barclays Plc in New York, still have senior positions on Wall Street trading desks. Until now, most of the attention has involved traders at Barclays, which last month reached a $453 million settlement with U.S. and UK authorities for its role in the manipulation of rates. ... (Source: Reuters) -
By Michael Holden and Peter Graff LONDON (Reuters) - In the lurid scene of the red-handed knifeman describing his motives for hacking to death a British soldier in broad daylight, perhaps the most chilling aspect for Londoners was the man's unmistakably familiar accent. Michael Adebolajo, 28, who was filmed wielding a bloody meat cleaver and b... [Full Article]
BAGHDAD (AP) - A wave of attacks killed at least 95 people in Shiite and Sunni areas of Iraq on Monday, officials said, pushing the death toll over the past week to more than 240 and extending one of the most sustained bouts of sectarian violence the country has seen in years. (Source: Associated Press)... [Full Article]
By Sudip Kar-Gupta LONDON (Reuters) - Britain's benchmark equity index rose on Monday to its best closing level since late 2000, helped by rising bank stocks, and analysts said there was little holding it back from its all-time highs. Interest rate cuts and injections of liquidity by central banks have hit returns on bonds, driving investors t... [Full Article]
NEW YORK (Reuters) - World stock indices hit their highest levels in almost five years on Tuesday, with the German benchmark joining the S&P 500 at a record high after unexpectedly strong data amid signs top central banks will remain supportive of growth. Wall Street edged up at the open, with the S&P touching an intraday high of 1,623.74. ... [Full Article]
ISLAMABAD (AP) - Pakistan says it will conduct a recount or re-do the vote for eight national assembly seats following allegations of vote rigging in the recent election. (Source: Associated Press)... [Full Article]
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