Three arrested in Libor manipulation investigation
http://www.guardian.co.uk/business/2012/dec/11/libor-investigation-three-arrested
Former UBS and Citigroup banker and two others questioned as part of Serious Fraud Office investigation into Libor manipulation
C’est la fête aux banquiers aujourd’hui ...
Finance Criminalité financière Libor
Libor scandal goes global
By Robert Stevens
3 August 2012
http://www.wsws.org/articles/2012/aug2012/libo-a03.shtml
The UK Conservative/Liberal Democrat government this week announced the terms of a review into the deepening London Interbank Offered Rate (Libor) crisis.
The review was commissioned by Chancellor George Osborne, and will be led by Martin Wheatley, managing director of the Financial Services Authority (FSA) and chief executive-designate of the Financial Conduct Authority.
Libor is a daily rate covering 10 currencies and is supposed to measure the average cost of short-term loans between major banks. It is set in London by 16 banks and is run by the British Bankers’ Association. The interest rates for tens of trillions of dollars in home mortgages, student loans and credit cards are pegged to Libor, as are derivatives valued at $350 trillion and eurodollar futures worth $564 trillion.
Le gouvernement britannique se prépare à sauver ses ressortissants perdus dans cette dangereuse zone de guerre : l’Europe en cas d’éclatement de l’euro.
Can Britain cope if the eurozone collapses ? - Telegraph
http://www.telegraph.co.uk/news/worldnews/europe/eu/8917945/Can-Britain-cope-if-the-eurozone-collapses.html
Behind the scenes, Whitehall’s first priority is contingency planning. The Government is now operating on the basis of an expectation that the single currency will come apart, but is hoping it doesn’t happen soon: “The eurozone was a mad idea,” says a senior minister. “It will break up. But so terrible would be the impact that we think it’s worth them having a go at keeping it together.” In the meantime, the Foreign Office is focusing on trying to prepare the machinery to help Britons who might be stranded abroad if banking systems and cash machines go down.
There is also the potential for social unrest: embassies and consulates have been told to prepare for a flood of inquiries and requests for help if the euro stops working in some countries and other currencies have to be introduced (there are a million Britons in Spain alone). Fortunately, the government can keep liquidity flowing at home in an emergency, thanks to the UK retaining its own currency.
US pressured British regulator to act against Iranian banks | #Wikileaks | The Guardian
http://www.guardian.co.uk/business/2010/dec/13/wikileaks-us-fsa-iran-banks
in May 2008, the #US encouraged the #UK to “step into a leadership role” to deter a “nuclear-armed #Iran” by stopping the activities of Iranian #banks in London.