London Banker Pleads To Guilty Libor Rigging

Faces 10 Years In Prison For Libor Rigging From RT: A senior London banker has become the first person to be prosecuted for fixing the London interbank offered rate (Libor) or Libor rigging a scandal that resulted in billions worth of losses for savers as banks fraudulently boosted their profits. The banker, who has not been […]

FHFA Announces $1.9 Billion Settlement With Deutsche Bank

The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, today announced it has reached a settlement with Deutsche Bank AG, related companies and specifically named individuals for $1.925 billion to resolve claims in FHFA v. Deutsche Bank AG, et al., as well as certain other matters. The settlement addresses claims […]

Detroit EFM Is Now Doing What MFI-Miami Suggested He Do 7 Months Ago

Detroit threatens to sue two banks over loan deal Chad Livengood & Robert Snell, Detroit News The city is threatening to sue two big banks if Detroit’s lawyers cannot reach more favorable terms for terminating a troubled pension debt deal blamed on the city’s plunge into bankruptcy. The city’s legal team issued the threat and […]

Death To LIBOR Manipulators

William D. Cohan, Bloomberg There is no point in mincing words: UBS AG (UBSN), the Swiss global bank, has been disgracing the banking profession for years and needs to be shut down. The regulators that allow it to do business in the U.S. — the Federal Reserve, the Securities and Exchange Commission, the Commodity Futures Trading Commission […]

Libor Manipulation Cost Fannie Mae and Freddie Mac $3 Billion

Mark Gongloff, Huffington Post Libor manipulation cost Fannie Mae and Freddie Mac more than $3 billion, according to an estimate by a government watchdog, who recommends the government-owned mortgage giants sue the big banks. That estimate and legal advice were made in a private report by Steve Linick, the inspector general for the Federal Housing […]

Ready to get started?

Speak to a specialist at (888) 737-6344