Tag Archives: regulators

Banksters get off the hook for Libor scandal

The world’s biggest banks won a major victory on Friday when a judge dismissed a “substantial portion” of the claims in private lawsuits accusing them of rigging global benchmark interest rates. http://www.nytimes.com/2013/03/30/business/global/judge-rejects-much-of-libor-lawsuit-against-banks.html?hp The banks had been accused of conspiring to manipulate Libor, a benchmark at the heart of more than $550 trillion in financial products. […]

Banksters JP Morgan lie to investigators

JPMorgan Chase, the nation’s biggest bank, ignored internal controls and manipulated documents as it racked up trading losses last year, while its influential chief executive withheld some information from regulators. http://dealbook.nytimes.com/2013/03/14/jpmorgan-faulted-on-controls-and-disclosure-in-trading-loss/?hp The multibillion-dollar trading blunder claimed the jobs of several top executives and prompted an inquiry by the Federal Bureau of Investigation. The 300-page report, […]