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.

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