LIBOR - The Biggest Bank Scandal You've Never Heard Of

LIBOR - the world’s largest and most elite banks guilty. Who's going to jail?

Summary: 

The 14-year sentence handed to Tom Hayes, the Yen trader at the centre of the Libor-fixing scandal in the UK, is the longest sentence yet in a scandal that has cost his former employer UBS, and others, US$17 billion in fines. This is the biggest banking financial scandal in history and plenty of people don't want you to know about it.

Article Information
Category: 
Banking Company: 
Banks in General
Bank Malpractice Type: 
Corruption
Powermongering & Greed
Author: 
William Black
Source: 
New Economic Perspectives
Date First Published: 
10 Jul 2015
Posted By
Peter Brandson
Peter Brandson's picture

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