The Truth About LIEBOR is Coming Out
Posted on June 27, 2012 at 11:40 AM EDT
Barclays’ has copped to an attempted manipulation of LIBOR. It has agreed to pay about $450 million to the UK’s FSA, the CFTC, and the USDOJ. The CFTC filing states that Barclays had two motives for its actions. First, when Barclays’ reports to LIBOR were high relative to other banks’ (which Barclays people referred to [...]