The Securities and Exchange Commission (SEC) in the US and the Financial Services Authority (FSA) in the UK have fined Barclays Bank a combined $450million for manipulating the LIBOR rate over a period of years.
Why isn’t a criminal investigation underway?
1. London InterBank Offered Rate (LIBOR) is used to reference $360trillion[...]
Archive for ‘Economics’
Commenting today on the postponement of the fuel tax hike that will now apparently be delayed until January, Tom Moriarty of Occupy London’s Economic Working Group said:
“It is further confirmation of the Chancellor’s misguided approach to tackling the current economic crisis and a tacit admission that austerity is not working. It is clear[...]
A day of discussions of what an economically just future could look like. This is a chance to explore the world we want to live in, not just what we think we can change. The day will be divided into three themed sessions with panels of speakers presenting their ideas in 10-15 minute[...]Read more →