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The LIBOR scandal. Who were involved (names of banks and significant individuals)? PC. This if for...

The LIBOR scandal. Who were involved (names of banks and significant individuals)?

PC. This if for 3-unit BA-343 International Banking special study, I need deeper explanation. Thanks

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Answer #1

The Libor scandal was a series of fraudulent actions connected to the Libor (London Interbank Offered Rate) and also the resulting investigation and reaction.

Deutsche Bank, Barclays, UBS, Rabobank, HSBC, Bank of America, Citigroup, JPMorgan Chase, the Bank of Tokyo Mitsubishi, Credit Suisse, Lloyds, WestLB, and the Royal Bank of Scotland were notable in the scandal, among others.

people involved:

UBS trader Tom Hayes

former trader Jay Merchant

former Libor submitter Jonathan Mathew

former trader Alex Pabon.


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