Cases against UBS traders tip of the iceberg

Organizing monetary policy and decides about interest rates, everybody will feel it's impact! The Bank of England in London! Count the joy my friends! On the money of course!:) by || UggBoy♥UggGirl || PHOTO || WORLD || TRAVEL ||
License (according to Flickr): Attribution License
License (according to Flickr): Attribution License
Lawbreaker charges are watershed in Libor probe, but authorities state lots more were included at UBS alone, and various other significant banks are under examination. District attorneys have actually reached a turning point with the statement of the first criminal charges in the Libor interest-rate fixing scandal, but there's still a lot more to be done. "The good news is they're prosecuting two people," said Dennis Kelleher, CEO of the financial reform team Better Markets. "The bad news is there's dozens more they've got to get to.". At UBS alone, at least 45 individuals were involved in or aware of efforts to manipulate rates, according to U.K. authorities. All informed, even more than a dozen of the world 's largest financial institutions are facing examination. In revealing Wednesday that UBS had agreed to pay $ 1.
Keywords:
Libor UBS Libor submissions rates UBS employees UBS spokeswoman Karina low Libor submissions senior UBS traders yen Libor submissions Libor interest-rate Libor probe UBS case documents Libor rates UBS staffers Libor interest rate Libor controversy criminal charges Libor investigation Libor mess UBS investigation chat message bank Barclays British bank Barclays related interbank rates London Interbank Offered Alexander William Hayes financial reform group trading financial products different time periods low sid pls similar Libor-related conduct banks Darin Barclays documents bank staffers Roger Darin authorities Justice spokeswoman major banks Better Markets good news U.K. authorities bank employees Dennis Kelleher interbank lending certain period bad news reduced pay Certain tradersPeople:
William Hayes
Overall Sentiment: -0.113865
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Roger Darin
Overall Sentiment: -0.102817
Relevance: 0.231549
Dennis Kelleher
Overall Sentiment: 0.101039
Relevance: 0.170865
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| 0.194305 | "The good news is they're prosecuting two people," said Dennis Kelleher, ... |
| 0 | "The good news is they're prosecuting two people," said Dennis Kelleher, CEO of the financial reform group Better Markets. "The bad news is there's dozens more they've got to get to." |
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Karina Byrne
Overall Sentiment: 0
Relevance: 0.150467
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| 0 | Karina Byrne said "more than three dozen" ... |
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Michael Clark
Overall Sentiment: 0.243329
Relevance: 0.145032
| Sentiment | Quote |
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| 0.210526 | "You can point to certain documents where it's very clear what they intended to do, and that's what prosecutors will benefit from," said Michael Clark, ... |
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Tom Alexander
Overall Sentiment: -0.0421183
Relevance: 0.132221
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Additional Info:
Company: UBS
Overall Sentiment: -0.0264649
Relevance: 0.866492
Disambiguation: References:
Webpage Tags Details
Source Site: rss.cnn.com
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Webpage Provided Title:
Cases against UBS traders tip of the iceberg
Site Provided Keywords:
- Arrests
- barclays
- charges
- fixing
- interest rate
- libor
- london interbank offered rate
- scandal
- traders
- UBS
URL Provided Desc:
Prosecutors have reached a milestone with the announcement of the first criminal charges in the Libor interest-rate fixing scandal, but there's still much more to be done.

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