Posts Tagged ‘Barclays’

Three convicted in Libor Bank rates rigging trial

(Media Release) Three former Barclays employees have been found guilty of rigging the Libor interest rate between 2005 and 2007. Jay Merchant, 45, was convicted unanimously at Southwark Crown Court of manipulating the key financial rate. Jonathan Mathew, 35, and Alex Pabon, 38, were found guilty by majority verdict after a ten-week trial. The trio […]

Asia Wealth Report 2015 Focussing on Asset Allocation of HNWI’s -Ken Research

FOR IMMEDIATE RELEASE Free Press Release Submitted by kenresearch.com       Press Release Distribution High Net Worth Individuals (HNWI’s) are individuals who own assets in excess of USD 1 million though this parameter differs across various institutions. Some HNW’s are also regarded as sub – HNWI or Very HNWI depending upon their financial assets. (Free-Pr-Online.com) This research report covers HNWI […]

EU fines banks over rate-rigging

(Media Release) The European Commission has fined eight banks – including RBS – a total of 1.7bn euros (£1.4bn) for forming illegal cartels to rig interest rates. The cartels operated in markets for financial derivatives, which are products used to manage the risk of interest rate movements. Two of the eight, Barclays and UBS, were […]

Hunger Games: The price of feeding the world

The World Development Movement, a UK-based non-governmental organisation (NGO), has accused Barclays Bank of profiting from world hunger by betting on food crises and helping to push food prices up. The NGO said Barclays had reportedly made more than $800m over the past two years from speculating on food markets and that investors were using the food […]

Rate Scandal Stirs Scramble for Damages

As unemployment climbed and tax revenue fell, the city of Baltimore laid off employees and cut services in the midst of the financial crisis. Its leaders now say the city’s troubles were aggravated by bankers’ manipulation of a key interest rate linked to hundreds of millions of dollars the city had borrowed. Baltimore has been […]

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