LIBOR scandal set to rock U.S. as experts warn it could be ‘the biggest consumer fraud in history’

http://www.dailymail.co.uk/news/article-2172377/LIBOR-scandal-rocks-US-experts-warn-biggest-consumer-fraud-history.html By James Nye PUBLISHED: 01:25 EST, 12 July 2012 | UPDATED: 02:43 EST, 12 July 2012 As the investigation into the LIBOR interest rate-rigging in the United Kingdom becomes a financial scandal of tsunami-like proportions, some analysts are openly wondering whether 16 of the world’s largest banks have perpetrated the biggest fraud in history. […]

New York Federal Reserve knew about Libor rate-fixing issues as far back as 2007 and proposed changes but were ignored

http://www.dailymail.co.uk/news/article-2171646/Libor-scandal-New-York-Federal-Reserve-knew-rate-fixing-issues-far-2008.html Questions over whether Fed did enough over Libor concerns Then-New York Federal Reserve chairman Tim Geithner calendar included ‘Fixing LIBOR’ meeting in 2008 Fed says got anecdotal Barclays reports of Libor problems and shared suggestions for reform with UK authorities By Reuters Reporter PUBLISHED: 14:32 EST, 10 July 2012 | UPDATED: 15:55 EST, 10 […]

Government orders urgent review into Libor corruption as it emerges that Barclays had THREE chances to probe market-rigging

http://www.dailymail.co.uk/news/article-2166700/Banking-crisis-Government-orders-urgent-inquiry-Libor-rate.html Independent review will consider introduction of criminal sanctions Barclays chief executive Bob Diamond has been summoned to appear in front of the Treasury Select Committee on Wednesday Vince Cable has admitted banking sector is a ‘massive cesspit’ Barclays, HSBC, Lloyds and Royal Bank of Scotland were censured for selling risky and inappropriate insurance to […]

A new nightmare on Wall Street? U.S. banks face criminal probe into global interest rate-fixing scheme as Barclays blows the whistle on America’s financial giants

http://www.dailymail.co.uk/news/article-2166198/Interest-rate-scandal-Will-Barclays-turn-banks-involved-massive-scheme.html By Toby Harnden and Thomas Durante PUBLISHED: 18:38 EST, 28 June 2012 | UPDATED: 18:38 EST, 28 June 2012 Some of America’s top banks are set to be dragged into a major criminal investigation of a global interest rate-fixing scandal about to engulf some of Wall Street’s biggest institutions. The worldwide probe centres on […]