Data and Financial Journalist
Libor manipulation can bankrupt sixteen big banks and shake investors’ confidence. Libor rigging involves billions of dollars as profits. The big banks include Bank of America, JP Morgan Chase and Citigroup. While the first rigging case was brought to light in 2012 (Also Read: The LIBOR Fallout – A Big Bank scandal )the scandal dates back…
The year of 2012 saw one of the biggest scandals in the international banking industry that went unnoticed and was less talked about amidst the Euro Zone crisis. The reason this becomes big now and needs immediate attention is because it could be the beginning of a ‘Big Bank Scandal’. When banks start operating purely…