Commentary & Content Curation Since April 2005
(FKA China Confidential)
Sunday, July 15, 2012
US Preparing to Prosecute Libor Crimes
The U.S. Justice Department is building criminal cases against banks in connection with the Libor rigging scandal. There will be arrests; bankers will be tried, convicted, and sent to prison. There will be civil suits, too. The estimated cost to the banking industry: tens of billions of dollars. Read more.