Tag Archives: HSBC

American Kabuki – UBS Bankers Face Criminal Charges Over LIBOR – December 15, 2012

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UBS Is Nearing A Deal With Authorities Over LIBOR, And Wall Street Hasn’t Seen Anything Like It In Over A Decade Linette Lopez | Dec. 14, 2012, 8:31 AM | 1,494 | 3 The most salient criticism for the way … Continue reading

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Reuters – Matthew Goldstein, Jennifer Ablan And Philipp Halstrick: Exclusive – Prosecutors, Regulators Close To Making Libor Arrests

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By Matthew Goldstein and Jennifer Ablan and Philipp Halstrick Sun Jul 22, 2012 12:18pm EDT (Reuters) – U.S. prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according … Continue reading

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US Senate Panel Accuses HSBC In Money-Laundering Report – July 17, 2012

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MOLLENKAMP: HSBC Holdings acted as financier to clients seeking to route shadowy funds from the world’s most dangerous and secretive corners, including Mexico, Iran, the Cayman Islands, Saudi Arabia, and Syria, according to a scathing US Senate report issued on … Continue reading

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John Ward: EXCLUSIVE: Why the global political class lies in fear of the LIBOR scandal

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Is Bob Diamond being forced to apologise for something hatched way above his level? A couple of Torygraph journalists were exchanging tweets this morning about Bob Diamond’s cockup being “only the start” of the LIBOR scandal. It could well be … Continue reading

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20 more banks were rigging interest rates: British bankers now facing criminal inquiry over scandal that was kept secret for years

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Barclays shares drop 15 per cent as pressure on Diamond grows George Osborne promises new criminal sanctions for market abusers RBS, HSBC and Lloyds all named as under investigation as scandal widens By James Chapman, Becky Barrow, Ruth Sunderland and … Continue reading

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Bix Weir: ALERT! Head of Gold Market Rigging Quits!

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From The Road to RootA Newsletter by Bix Weir 600+ resignations of senior bankers was NOTHING in comparison to the latest resignation announcement from the Bad Guys! Goldfinger bows out of precious metals By Jack Farchy The gold market has … Continue reading

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Greg Hunter ~ Systemic Risk Is Everywhere

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    USA Watchdog | May 14 2012 The $2 billion loss of JP Morgan in derivatives trading is signaling, once again, the enormous risks big banks take with taxpayer backing.  All U.S. banks are covered by the FDIC, and if … Continue reading

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Criminal Libor Probe: DOJ Investigating World’s Biggest Banks on Global Benchmark Rate

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The London Interbank Offered Rate, also known as Libor, is the average interest rate that major banks in London charge when lending to other banks around the world. The Libor is the benchmark interest rate used by many financial institutions, … Continue reading

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