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Reuters via The Huffington Post 3/19/2013 Mortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark interest rate known as Libor. Bank of America Corp, JPMorgan Chase & Co, UBS AG and Credit Suisse Group AG are among the banks named as defendants in […] March 19th, 2013 | Tags: Bank of America, Barclays Bank, Credit Suisse Group AG, Federal Housing Finance Authority, Inspector General, interest rates, Japan, JPMorgan Chase, Libor, rate-rigging, The Federal Home Loan Mortgage Corporation v Bank of America, UBS AG | Category: Banking and finance, corruption, Freddie Mac, Great Britain | Comments are closed
Tyler Durden ZeroHedge 8/9/2012 Yesterday, in a brief but informative post, we asked and answered a simple question: “Confused Why So Many Foreign Banks Are Suddenly Being Charged By The US? Here’s Why.” Naturally, the reference was to such foreign banks as Standard Chartered, Barclays and HSBC (but not UBS and Credit Suisse) which have […] August 9th, 2012 | Tags: Barclays Bank, campaign contributions, HSBC Bank, Libor, Lloyd Blankfein, Sen. Carl Levin, Standard Chartered | Category: Banking and finance, corruption, Department of Justice, Elections, Goldman Sachs, Politicians, SEC | Comments are closed
It’s not a comfortable weekend for the men heading some of the world’s biggest banks. Barclays has already been hit by a £290m ($455 million US) fine for rigging interest rates but that could be dwarfed by a series of global lawsuits which could cost banks billions Jamie Doward The Guardian [UK] 30 June 2012 […] July 3rd, 2012 | Tags: Barclays Bank, Bob Diamond, Charles Schwab, Citibank, derivatives, Deutshe Bank, Euribor, fraud, HSBC, interest rates, Libor, Lloyds, Royal Bank of Scotland, UBS | Category: Asia, Banking and finance, corruption, Crime, Department of Justice, Europe, Great Britain, United States | Comments are closed
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