Sunday, July 15, 2012

US Mulls Criminal Charges Against Banks In Rate Fixing Scandal

(Reuters) - The U.S. Justice Department is building criminal cases against several financial institutions and their employees related to the manipulation of interest rates, The New York Times reported on Saturday.

Citing government officials close to the case who spoke on condition of anonymity, the Times said traders at Barclays Plc were among the individuals against whom Justice was building cases. Authorities expect to file charges against at least one bank later this year, the newspaper reported.
Read the rest here.

1 comment:

The Anti-Gnostic said...

Of course, when the Fed fixes rates it's all copacetic.