Seeking Alpha

Groups of traders from RBS and UBS, as well as those from Barclays (BCS), allegedly played key...

Groups of traders from RBS and UBS, as well as those from Barclays (BCS), allegedly played key roles in the rigging of Libor and other global benchmark rates, Reuters reports, citing sources and court documents. Traders from JPMorgan (JPM) and Deutsche Bank are also under scrutiny. Some of those being investigated still hold senior roles at trading desks.
Comments (2)
  • Eighthman
    , contributor
    Comments (216) | Send Message
     
    Maybe, just maybe, a mean nun will slap their hands with a ruler - if they are ever found (gasp!) guilty.,

     

    Notice a trend? The Big Fish always get away and the little guys get blamed - even though the Big Fish must have known - or been responsible under Sarbanes-Oaxley.

     

    Why would anyone invest in markets dominated by this level of corruption?
    29 Jul 2012, 09:14 AM Reply Like
  • gh1616
    , contributor
    Comments (452) | Send Message
     
    What a shock....interest rates manipulated!! Government central banks were complicit in this I believe. There are two types of complicity; active & passive, one applies here.
    30 Jul 2012, 10:06 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector