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HomeBarclays Libor “Price Fixing” : Collusion Is Illegal . . .
Posted by Larry Doyle on June 28th, 2012 10:53 AM |
News that Barclays Bank has been hit with a $453 million fine for its involvement in manipulating the London Interbank Overnight Rate, commonly referred to as Libor, has crushed the stock of the UK-based bank. Barclays stock is down close to 15% in early trading.
This story is interesting on so many fronts, including:
1. The alleged activity went on for years. The FSA’s investigation goes back to the middle of the last decade. How do we know when the collusion really started? (more…)
