The Libor probe widens, reports the WSJ, with state subpoenas having been issued in August and...

The Libor probe widens, reports the WSJ, with state subpoenas having been issued in August and September to 9 additional banks. Among the lenders receiving subpoenas are Bank of America (BAC), Credit Suisse (CS), Lloyds (LYG), and Royal Bank of Canada (RY).

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Comments (5)
  • Mike Maher
    , contributor
    Comments (2861) | Send Message
    Between 16 and 18 major banks were reporting Libor rates at that time. 16 subpoenas were issued. Seems like a normal part of the investigation.

    25 Oct 2012, 09:47 PM Reply Like
  • divinecomedy
    , contributor
    Comments (465) | Send Message
    There will be many business lunches followed by either:
    1. Fines without admitting any wrong doing.
    2. Nothing will be done because a newer scandal will come along. Who knows what though.
    26 Oct 2012, 03:19 AM Reply Like
  • Mike Cowan
    , contributor
    Comments (177) | Send Message
    I good bank is hard to find?
    26 Oct 2012, 07:07 AM Reply Like
  • bill d
    , contributor
    Comments (1893) | Send Message
    No - not hard - impossible.
    Find a good credit union - they serve their members instead of screwing them.
    26 Oct 2012, 04:14 PM Reply Like
  • vallies
    , contributor
    Comments (346) | Send Message
    KEY pays .05 a share. It had good margins. it is suggesting a possible increase in the dividend and buy back of shares. Waiting for a pull back. Will go long.Also waiting for a pull back in TGT/PIR. I am getting tired though, should have picked up some in the low 60's, PIR fell to around low 18's, wish I added more there. Consumer spending in GDP was o.k., more details out next week. See if we had some selling on the news. EXPE had a great move after hours, was going to jump into PCLN ride it up into earnings, see if I can get a pull back off of 583.
    26 Oct 2012, 09:33 AM Reply Like
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