Two Société Générale bank managers have been indicted in a U.S. federal court for allegedly scheming to rig the London Interbank Offered Rate (Libor). Libor is of course the collection of benchmark interest rates for various currencies and maturities “to which trillions of dollars of financial transactions are tied,” as a recent announcement made jointly… Read More >>
Two Ex-Rabobank Traders Face Jail Time in the U.S.
While U.S. presidential candidates cry for more investment banking personnel to be in orange jumpsuits, two former derivatives traders for Rabobank, headquartered in Utrecht, The Netherlands, might one day be donning new outfits as they have been sentenced to serve time in a U.S prison. The sentencing of the two British nationals last week followed… Read More >>
