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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) -
DAMASCUS, Syria (AP) - Two suicide bombers hit a central Damascus square Tuesday, killing at least 14 people, activists and the state media reported. Activists said one of the explosions took place inside the police station there and that many among the dead were policemen. (Source: Associated Press)... [Full Article]
LONDON (Reuters) - Worries over hacking and other cyber attacks has pushed aside the euro zone crisis as the top risk for Britain's banks and they must do more to protect themselves, a senior Bank of England official said on Wednesday. Global cyber crime in the financial sector has become a more pressing worry, underlined by a series of cases ... [Full Article]
TOKYO (AP) - Japan's central bank ended a two-day policy meeting on Tuesday with an upbeat assessment for the world's No. 3 economy and a pledge to persist with its aggressive monetary easing policies aimed at ending years of growth-sapping deflation. (Source: Associated Press)... [Full Article]
LONDON (Reuters) - Britain's fraud prosecutor on Tuesday charged former UBS trader Tom Hayes with eight counts of conspiracy to defraud, as part of a global investigation into the manipulation of benchmark interest rates. Hayes, 33, was arrested by police and the Serious Fraud Office last December as part of an inquiry stretching from the U.S.... [Full Article]
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