Relevant:
- Barclays' Diamond loses $30 million pay-off
- Barclays's Diamond Finds a Friend in US Feds
- LIBOR Investigation: Justice Department Building Criminal Cases Against Barclays, Others
- UBS Nears Libor Settlement, B of A Forgets About Fees (for Now) While its CEO Forgets About Everything
- Deutsche Bank Pays $60 Million To Settle Gold-Manipulation Lawsuit
2012-06-28 — nakedcapitalism.com
Barclays is first to settle, and given the scale and potential profitability of this activity, the fine looks paltry: $450 million among the FSA, the CFTC, and the Department of Justice (£230 million to the US authorities, £60 million to the FSA). The DOJ has granted "conditional leniency" on anti-trust charges. Price fixing is criminal under the Sherman Act. Four top executives, including CEO Bob Diamond are also giving up bonuses this year.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.