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Sep 25, 2013
via Counterparties

Lord Libor the Rigger

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Today, the Justice Department brought charges against three former employees of the inter-dealer broker firm ICAP for their roles in the Libor manipulation that went on between the mid-2000s and 2010. In this case, Tom Hayes, a trader at UBS, is alleged to have colluded with the inter-dealer brokers charged today to coax other banks into lying about Libor. The interest rate manipulation had effects that cascaded across the financial system.

Sep 25, 2013
Sep 25, 2013
Sep 25, 2013