The Bankwatch

Tracking the consumer evolution of financial services

“A signature moment to hold big banks accountable for their activities during the financial crisis” | NY Times

The US Justice department is now deeply engaged against multiple banks on the LIBOR fixing issue.

U.S. Is Building Criminal Cases in Rate-Fixing | NY Times

But the Libor case presents a potential opportunity for prosecutors. Given the scope of the problems and the number of institutions involved, the rate-rigging investigation could provide a signature moment to hold big banks accountable for their activities during the financial crisis.

Written by Colin Henderson

July 15, 2012 at 15:42

Posted in Uncategorized

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