Friday, February 10, 2012

MORE MOTU CRIMINALITY

According to this Bloomberg article, a number of MOTU attempted to FIX global interest rates. I think it's time for the "up against the wall, motherfucker" solution.
RBS Said to Dismiss Bankers in Libor Probe
By Lindsay Fortado and Gavin Finch - Feb 9, 2012 4:33 PM MT
BLOOMBERG NEWS

Royal Bank of Scotland Group Plc, the U.K.’s largest government-owned lender, dismissed at least four employees in connection with a probe of potential interest- rate manipulation, two people briefed on the move said.

Citigroup Inc. (C) and Deutsche Bank AG (DBK) also have dismissed, put on leave or suspended traders as part of the investigation, according to two more people, who declined to be identified because they weren’t authorized to discuss the case. ICAP Plc (IAP), the world’s largest broker of trades between banks, suspended an employee in the past six weeks and put two others on leave, another person said.

Regulators’ requests for information from interdealer brokers marks a widening of the global investigation into whether there were attempts to manipulate the London, Tokyo and euro interbank offered rates, known as Libor, Tibor and Euribor.

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