Three former Rabobank traders were charged by the U.S. with engaging in a five-year scheme to manipulate benchmark interest rates as international probes of rate rigging escalate.
Current-account and fiscal deficits as well as growing political risks may prove a “toxic cocktail” for the pound’s world-beating gains, according to Royal Bank of Scotland Group Plc.
Step 1: Plan your outfit. Step 2: Adjust Libor submissions to maximize profit.
"The Bank of England has surrendered leadership in the race to try to normalize monetary policy."
- Paul Robson on Oct 30, 2014