I will believe it when I see it .

[Ross]

Reuters/Zerohedge say criminal charges are imminent over LIBOR fixing .

IMO somebody is dreaming . I can think of dozens of reasons why this
is going to fail but the one that intrigues me most is where would they
find a jury capable of understanding and confident enough to bring in a
guilty verdict . I listen to these top bankers talk and they run rings around
the panels interrogating them . Not only do they have deep knowledge
of complicated subjects but their high IQ and experience enables them
to render ridiculous most attempts to identify guilt .


http://www.reuters.com/article/2012/...dlvri t=56943

[Potemkin]

There will be some sacrificial goats. Too much in the press and we are coming up on an election.

[Potemkin]

Originally Posted by Ross

I will believe it when I see it .

Reuters/Zerohedge say criminal charges are imminent over LIBOR fixing .

IMO somebody is dreaming . I can think of dozens of reasons why this
is going to fail but the one that intrigues me most is where would they
find a jury capable of understanding and confident enough to bring in a
guilty verdict . I listen to these top bankers talk and they run rings around
the panels interrogating them . Not only do they have deep knowledge
of complicated subjects but their high IQ and experience enables them
to render ridiculous most attempts to identify guilt .


http://www.reuters.com/article/2012/...dlvri t=56943

You were saying?

Election is over and here you are.


http://www.guardian.co.uk/business/2...ank-libor-fine

UBS latest bank to be hit with multimillion Libor fine

Swiss bank prepares to pay a fine of around £630m for rigging Libor, a fresh embarrassment after the Kweku Adoboli trading scandal

• The Guardian, Thursday 13 December 2012 14.25 EST

UBS was the first bank globally to report suspected rate rigging. Photograph: Arnd Wiegmann/Reuters

Banks face another big hit to their reputation as UBS of Switzerland prepares to pay a fine of around £630m for rigging Libor – more than twice the amount Barclays paid for attempting to manipulate the key interest rate.
Details of the settlement with the Financial Services Authority and a number of US and Swiss regulators are expected to be released next week. The news will be a fresh embarrassment for the Swiss bank after Kweku Adoboli, a former employee, was jailed for fraudulent trading last month.
The potential scale of the fine emerged during a week in which the Serious Fraud Office made its first arrests in the Libor scandal and two British banks – Standard Chartered and HSBC – paid out a total of more than £1.6bn to settle damaging allegations of money laundering and sanctions busting from the US authorities.

[leistb]

Cost of doing business. You or I would go to jail for even conspiring, let alone, actually doing anything...

[Ross]

It appears to me all matters were settled out of court ?

Who do you think received the settlement money ( small victims ) .

There appears to be an amazing shortage of US banks listed .
Oh wait , silly me , they have no European divisions and are always at
the very pinnacle of ethical behavior anyway .