12/1/2023 0 Comments A dogs purpose scandalOn June 27, 2012, Barclays Bank was fined $200 million by the Commodity Futures Trading Commission, $160 million by the United States Department of Justice, and £59.5 million by the Financial Services Authority for alleged manipulation of the Libor rate. Recently, the term Libor – short for London Interbank Offered Rate – has been brought to the foreground of world news, with a scandal unfolding through an admission of fraudulent banking practices by one of the United Kingdom’s most popular banking institutions.
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