Sunday, 10 February 2013

#LIBOR Inside Story - Rigged Bank Rates #EUROBOR

In the wake of the bank rate-rigging scandal, Bob Diamond, Barclays chief executive, announced his resignation from the post with immediate effect, on Tuesday.

In a statement, Diamond, who faced mounting calls to step down, said he made the decision as the external pressure on the bank has reached a level that risks "damaging the franchise".

Barclays Bank was fined a record $450m last week, for attempting to manipulate the London interbank offered rate, Libor, during the financial crisis between 2005 and 2009. Libor is a measure of how much banks have to pay to borrow from their rival and is worked out every day from estimates submitted by the major banks of their own interbank lending costs.

LIBOR:  Inside Story - Rigged Bank Rates




Published on Jul 4, 2012

Tweet  

The White Rabbit!

Tweet & FB our InfoGraphic!


#OTB #Ascension2013 #TRUTH
───▄▄██████████▄▄▄▄▄▄▄█
▄█▄██▄██▄███▀BANKASTERBOMA!
FREE HELICOPTERS http://www.occupythebanks.com

Source(s):


http://www.occupythebanks.com
No Banksters  were harmed in the production of this blog.

Unfortunately.


No comments :

Post a comment

Only members (obviously) can comment; no moderation; direct to page.

Note: only a member of this blog may post a comment.