Page 2 - 13 53 News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from 13 53. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In 13 53 Today - Breaking & Trending Today
They call it lowballing, and banks later paid billions of dollars in fines for it. in a recorded phone call in october 2008, he told the us central bank all about it. audio: three months libors have come in at 3.53. - so it s much lower than yesterday s. but please don t believe that, it s absolute rubbish. i have to say the libors are incorrect and they are too low. but on the 29th october 2008, his immediate boss, mark dearlove, reluctantly passed on an instruction from above to take part in the very fraud he d sought to expose. barclays board directors had come under pressure from the top of the financial system. ....
I think the hardest day of my life, i had to go and tell my father. i burst into tears. i felt i d sort of let him down. a former barclays trader, he blew the whistle on a huge scandal during the financial crisis where banks were lying, understating the interest rates they pay to borrow cash on instructions from top managers. they call it lowballing, and banks later paid billions of dollars in fines for it. in a recorded phone call in october 2008, he told the us central bank all about it. audio: three months libors have come in at 3.53. - so yesterday s is much lower than yesterday s. but please don t believe that, it s absolute rubbish. ....
From parliament and from jurors in criminal trials of traders for manipulating interest rates. regulators say they ve met their disclosure obligations. 0ur economics correspondent andy verity has led the investigation. reminders of the significance of libor and euribor. reminders of the significance of libor and euribor. whether interest rates on your libor and euribor. whether interest rates on your mortgage libor and euribor. whether interest rates on your mortgage a libor and euribor. whether interest rates on your mortgage a personall rates on your mortgage a personal loan, then us based on central business interest rates, they re based on how much it cost banks to borrow cash and libor and euribor keep track of those. every morning banks are asked questions about interest rates borrow cash and they give their answers and it may be 3.53 or it may be 3.56 or 3.54, they take an average of all of those and they get an average interest rate which is liborfor sterling and euro eur ....
Transcripts for BBCNEWS Verified Live 20240604 15:44:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
Loans, student loans and credit cards, retail cards also increased. first time in 20 years that credit card balances did not decline after the holidays as they usually do. credit card debt nearly a trillion dollars here. looking at market, asian finished mixed, economic output weaker than expected. european markets are mixed ahead of gdp numbers from the eu. wall street, it is clleaning lower. wall street continues to grapple with the ongoing debt ceiling crisis, the dow snapping five consecutive sessions of losses. just the idea that they are talking was superintendent typhoon. hom supportive. gas prices fell a penny to $3.53 a gallon. also this morning a critical reading on retail sales expected ....