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Re: Swaps Probe Finds Banks Manipulated Rate at Expense of Retirees

By: killthecat in FFFT | Recommend this post (0)
Fri, 02 Aug 13 6:32 PM | 78 view(s)
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Msg. 54756 of 65535
(This msg. is a reply to 54755 by clo)

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I hope one of those banks get fined. Teach them a lesson. Then again, maybe Americans should mind their own business.




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The above is a reply to the following message:
Swaps Probe Finds Banks Manipulated Rate at Expense of Retirees
By: clo
in FFFT
Fri, 02 Aug 13 6:27 PM
Msg. 54755 of 65535

Anyone shocked....?

Swaps Probe Finds Banks Manipulated Rate at Expense of Retirees
By Matthew Leising - Aug 2, 2013 2:00 AM ET

U.S. investigators have uncovered evidence that banks reaped millions of dollars in trading profits at the expense of companies and pension funds by manipulating a benchmark for interest-rate derivatives.

ARTICLE@BLOOMBERG.COM


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