Barclays; One Bad Apple ?

by Catherine Carr

It’s quite odd because Libor is set by up to 20 banks depending on the currency. and is then averaged after losing the highest and lowest prices….

So how is just one bank able to influence libor ? If they are too far out of kilter then their price is ignored..

So if prices are fixed then there has to be a cartel and Barclays dealers are just part of it….

This fine that has been imposed ought to be coming down on the other banks involved pretty soon…

So for Sterling this lot would have had to be in on the act..

Abbey National plc

Bank of Tokyo-Mitsubishi UFJ Ltd

Barclays Bank plc

BNP Paribas

Citibank NA

Credit Agricole CIB

Deutsche Bank AG

HSBC

JP Morgan Chase

Lloyds Banking Group

Mizuho Corporate Bank

Rabobank

Royal Bank of Canada

The Royal Bank of Scotland

Group Société Générale

UBS AG

And for Dollars this lot would have had to be in on the act..

Bank of America

Bank of Tokyo-Mitsubishi UFJ Ltd

Barclays Bank plc

BNP Paribas

Citibank

NA Credit Agricole CIB

Credit Suisse

Deutsche Bank AG

HSBC

JP Morgan Chase

Lloyds Banking Group

Rabobank Royal Bank of Canada

Société Générale

Sumitomo Mitsui Banking Corporation

The Norinchukin Bank

The Royal Bank of Scotland Group

UBS AG

http://en.wikipedia.org/wiki/L

http://www.bbalibor.com/bbalib

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