. . . .. You can pause intro music down below. Before Scandal, Clash Over Control of Libor . Piggybankblog posted on 09/13/12 Piggybankblog posted picture Cross linked with wsj.com LONDON—Four years before a scandal erupted over banks’ attempts to manipulate an important interest rate, the head of a private association of giant banks [...]+Continue Reading
Archive for: derivatives
. . . .. You can pause intro music down below. Levin Goes After JPMorgan Chase with Subcommittee Investigation . Piggybankblog posted on 09/07/12 Cross linked with firedloglake.com Carl Levin is at it again. His Senate Subcommittee on Permanent Investigations, perhaps the best investigatory panel in Congress, particularly on financial matters, has honed in [...]+Continue Reading
. . . .. You can pause intro music below. Fourth Trader Under Scrutiny in JPMorgan Chase Trading Loss Probe: Sources -Reuters . Piggybankblog posted on 09/05/12 Cross linked with reuters.com (Reuters) – A fourth London-based JPMorgan Chase trader is under scrutiny in the investigation by U.S. authorities into the bank’s nearly $6 billion [...]+Continue Reading
. . . . You can pause intro music down below Former Exxon CEO Will Investigate JPMorgan’s ‘Whale’ Trades . Piggybankblog posted 08/20/12 Cross linked story with businessinsider.com (Reuters)—JPMorgan Chase & Co. has picked Lee Raymond, ex-chief executive officer of Exxon Mobil Corp, to head an inquiry by company directors into losses in a credit [...]+Continue Reading
LIBOR’s risks emerged from clubby London’s banking culture. Looks like London Financial Bridge might be Falling Down.
. . . . You can pause intro music down below LIBOR’s risks emerged from clubby London banking culture . Piggybankblog posted on 08/19/12 Picture posted by Piggybankblog Cross linked with delawareonline.com With central bankers and market participants rushing to find an alternative to the London Interbank Offered Rate (or Libor), the interest-rate index that [...]+Continue Reading