In the Financial World, a Less Scrupulous Class of Lawbreaker – NYTimes.com

7 Aug

The financial industry in 2012 New York City offers itself as almost a Medellín cartel of shady and unscrupulous dealings.

Northeast of HSBC’s headquarters sits that of Barclays, a venerable bank that of late admitted to fixing Libor, an obscure interest rate that underpins trillions of dollars in investments. A wee nudge here and there, and a clever bank insider could make tens of millions of dollars.

via In the Financial World, a Less Scrupulous Class of Lawbreaker – NYTimes.com.

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: