Is there anyone on the Street who didn't see this coming?
Ever since Barclays paid a huge settlement for manipulating
the LIBOR last month, investigators have been looking into manipulation at all
major Wall Street banks. But this hasn't
been a time for solidarity (which is weird on the Street). Instead, Azam Ahmed
and Ben Protess of The New York Times report, "banks are emphasizing that
'we're not as bad as the next guy."
In short: It's kill or be killed….
Read more:
http://www.businessinsider.com/report-wall-street-banks-are-selling-each-other-out-in-the-libor-probe-2012-8#ixzz22mPs9txO
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