-
The Lloyds Files: “Never Get Cross Wiv Yer Mate”
It’s the bit of the wrist-slapping process that banks hate most: transcripts time. Authorities in the U.K. and U.S. have released transcripts of electronic conversations between traders relating to the roughly $370 million fine given to Lloyds Banking Group PLC regarding efforts to manipulate Libor. Some highlights of the conversations are below. Excuse the spelling. And the, er, fruity language. [For non-Brits, ‘mate’ means ‘buddy,’ ‘lovely jubbly’ means ‘OK, great’, and Tesco is a large supermarket chain that uses the advertising tag line “every little helps.”] First, highlights from the ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jul 28, 2014 10:59am Jul 28, 2014 10:59am
- wlarimer
- | Joined Jun 2010 | Status: Member | 910 Comments
- Comment #2
- Quote
- Jul 28, 2014 11:16am Jul 28, 2014 11:16am
- Guest
- | IP XX.XXX.97.150
- Comment #3
- Quote
- Jul 28, 2014 11:24am Jul 28, 2014 11:24am
- dobenjis
- | Joined Dec 2013 | Status: Member | 8 Comments
- Comment #4
- Quote
- Jul 28, 2014 11:54am Jul 28, 2014 11:54am
- shiva
- Joined Aug 2007 | Status: Doing It In Dubai | 48 Comments