Some of the biggest Financial Institutions including jp morgan chase, barkleys the royal bank of sc ubs will pay billions for manipulating the Interest Rate markets, one of the least regulated markets in the financial world and one of the largest, about 5 trillion changes hands every day. The traders from different banks didnt act as rivals but rather they worked together to rig the price of u. S. Dollars and euros in a scheme that went on nearly every day for five years through 2012. Eamon javers has more. Deep inside of the posh offices of the major banks, in the private digital exchanges of the private traders was right ought of the mafiainity invited to join the scam. Mess this up and you sleep with one eye open up. And if you aint cheating you aint trying. And yes, the left competition the better. And today that language caught up with the traders as new u. S. Attorney general l lyn announced the massive setty traeders formed a group they dubbed the cartel. It is perhaps fitting t
Some of the biggest Financial Institutions including jp morgan chase, barkleys the royal bank of sc ubs will pay billions for manipulating the Interest Rate markets, one of the least regulated markets in the financial world and one of the largest, about 5 trillion changes hands every day. The traders from different banks didnt act as rivals but rather they worked together to rig the price of u. S. Dollars and euros in a scheme that went on nearly every day for five years through 2012. Eamon javers has more. Deep inside of the posh offices of the major banks, in the private digital exchanges of the private traders was right ought of the mafiainity invited to join the scam. Mess this up and you sleep with one eye open up. And if you aint cheating you aint trying. And yes, the left competition the better. And today that language caught up with the traders as new u. S. Attorney general l lyn announced the massive setty traeders formed a group they dubbed the cartel. It is perhaps fitting t
Institutions including jp morgan chase, barkleys the royal bank of sc ubs will pay billions for manipulating the Interest Rate markets, one of the least regulated markets in the financial world and one of the largest, about 5 trillion changes hands every day. The traders from different banks didnt act as rivals but rather they worked together to rig the price of u. S. Dollars and euros in a scheme that went on nearly every day for five years through 2012. Eamon javers has more. Deep inside of the posh offices of the major banks, in the private digital exchanges of the private traders was right ought of the mafiainity invited to join the scam. Mess this up and you sleep with one eye open up. And if you aint cheating you aint trying. And yes, the left competition the better. And today that language caught up with the traders as new u. S. Attorney general l lyn announced the massive setty traeders formed a group they dubbed the cartel. It is perhaps fitting they chose that name as it aptl
Newly realized Household Energy savings. Quote, a number of participants suggested dampening effects of the earlier appreciation of the dollar on net exports or earlier decline in oil prices on firms investment spending might be larger and longer lasting than previously anticipated. Some members expressed concern over the lack of spending, despite savings from cheap every gas prices. And as for the question will there be enough information by junes meeting for a rate hike . Quote, a few anticipated that the information that would accrue by the time of the june meeting would likely indicate sufficient improvement in the Economic Outlook to warrant a rate hike. Many participants though however, it says, thought it unlikely that the kate Data Available in june would provide sufficient confirmation for conditions for raising the federal funds rate had been satisfied, end quote. That meeting, melissa is june fifteenth and 16th. Back to you. Melissa thank you very much. President plosser sai
Former Prime Minister tony blair. Im wolf blitzer. Youre in the situation room but we begin with breaking news. The Prime Minister of malaysia breaking his silence on the disappearance of flight 370. Youre going to hear his comments made to cnn. But first, the latest developments. The navys underwater drone is now scanning 10 of the search area but the mission is ending up with no trace of the airliner as authorities try to figure out what to do next. Malaysias Prime Minister tells cnn the report will be released next week. Our analysts are standing by here in the situation room. Our correspondents are standing by around the world bringing you the kind of coverage only cnn can deliver. New details of a Terror Threat to americans in yemen. Lets begin with a cnn exclusive as Richard Quest sits down with the Prime Minister. Hes joining us live from kuala lumpur. Richard . Reporter good evening to you, wolf. Good morning at 5 00 in the morning on friday. The malaysian Prime Minister, we ca