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All decided behind closed doors, it seems. An investigation into the rigging of Libor, the benchmark interest rate that tracks the cost of borrowing cash, has been unexpectedly closed. The decision comes despite evidence that implicates the Bank of England. It means no one will now be prosecuted in the UK for so-called "low-balling", where banks understate interest rates they pay to borrow cash. The Serious Fraud Office (SFO) said its decision followed a detailed review of the evidence. The BBC Andy Verity - Libor rigging inquiry shut down by Serious Fraud Office
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All decided behind closed doors, it seems.All decided behind closed doors, it seems. An investigation into the rigging of Libor, the benchmark interest rate that tracks the cost of borrowing cash, has been unexpectedly closed. The decision comes despite evidence that implicates the Bank of England. It means no one will now be prosecuted in the UK for so-called "low-balling", where banks understate interest rates they pay to borrow cash. The Serious Fraud Office (SFO) said its decision followed a detailed review of the evidence. The BBC Andy Verity - Libor rigging inquiry shut down by Serious Fraud Office
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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An investigation into the rigging of Libor, the benchmark interest rate that tracks the cost of borrowing cash, has been unexpectedly closed.
The decision comes despite evidence that implicates the Bank of England.
It means no one will now be prosecuted in the UK for so-called "low-balling", where banks understate interest rates they pay to borrow cash.
The Serious Fraud Office (SFO) said its decision followed a detailed review of the evidence.
The BBC