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As Libor Fault-Finding Grows, It Is Now Every Bank for Itself.
- Source :
-
New York Times . 8/6/2012, Vol. 161 Issue 55855, p1. 0p. - Publication Year :
- 2012
-
Abstract
- Major banks, which often band together when facing government scrutiny, are now turning on one another as an international investigation into the manipulation of interest rates gains momentum. With billions of dollars and their reputations on the line, financial institutions have been spreading the blame in recent meetings with authorities, according to government and bank officials with knowledge of the matter. While acknowledging their own wrongdoing, institutions are pointing out actions at other banks that they believe are worse - and in some cases, extend to top executives. [ABSTRACT FROM AUTHOR]
- Subjects :
- *LIBOR
*BANKING industry
*FAULTFINDING
*GOVERNMENTAL investigations
*INTEREST rates
Subjects
Details
- Language :
- English
- ISSN :
- 03624331
- Volume :
- 161
- Issue :
- 55855
- Database :
- Academic Search Index
- Journal :
- New York Times
- Publication Type :
- News
- Accession number :
- 78297609