"More Probes Add to Barclays Woes: Energy Regulator Proposes $435 Million Fine as Justice and SEC Examine Bank's Efforts to Raise Cash" the WSJ by D. Enrich Nov 1, 2012 C1
Paraphrasing: The fine is in response to alleged manipulation of US electricity markets. Barclays is also facing an anti-corruption investigation.
OTHER RECENT SCANDALS: LIBOR AND EXCHANGE TRADED FUNDS IN COMMODITY MARKETS
Sep 22, 2012
The
rise in popularity in a relatively new form of derivatives known as
Exchange Traded Funds (ETFs) amplifies risks for the global economy.
Assets in EFTS have doubled since 2007, reaching $1.2 trillion in 2012
(Bigda ...
Aug 27, 2012
"Banks
being probed for interest-rate manipulation face potentially tens of
billions of dollars in claims from dozens of lawsuits in the US from
cities, insurers, investors and lenders who say they were hurt by the
allegedly fudged ...
Jul 27, 2012
WSJ:
"Libor Suits Weighed by Mutual Fund Firms". The Wall Street Journal
July 27, 2012 p. C3. Majia here: Do you have a 401k? If so, your
investments may have been harmed by the big banks' manipulation of the
Libor rate.
Jul 16, 2012
Good
News: "States Step Into Libor Probe". The Wall Street Journal July 16,
2012 By J. Eaglesham, R. Albergotti, & M. Corkery p. C1, C2.
[Excepted] "Prosecutors in New York and Connecticut are investigating
whether their ...
Jul 05, 2012
I
hope everyone is following this scandal. It is yet another example of
how corrupt the financial world is. As if we need another example. The
scandal concerns the London interbank offered rate, which according to
The Wall ...
Jul 08, 2012
One
has to do with a period just before the financial crisis, around 2007,
when Barclays and other banks submitted fake Libor rates lower than the
banks' actual borrowing costs in order to disguise how much trouble they
were ...
Jul 26, 2012
The
second major scandal is the Libor scandal. This scandal demonstrates
the degree to which the market system is rigged by the powerful players.
The scandal concerns the London interbank offered rate, which according
to ...
Jul 13, 2012
The
criminal banksters get richer while municipalities are robbed through
interest rate swaps with the big banks who were players in rigging the
Libor rate. See Matt Taibbi references. How about cutting money on
military ...
Feb 18, 2012
Paraphrasing:
The article explains that the targets for the manipulation were the yen
London interbank offered rate (yen Libor) and specific financial
derivatives linked to Libor. The article reports that six banks on the
yen Libor ...
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