Jailed bankers appear interest rate ‘rigging’ convictions

by The Technical Blogs

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Separately, a long-running investigation by the BBC has uncovered evidence, covered up from Parliament and juries in their trials, that the Bank of England and the central banks of France, Spain and Italy manipulated Libor and Euribor on a far greater scale than any of the jailed traders, pressuring banks to push their published interest rate estimates down to artificial levels, far below the interest rates at which cash was actually trading.

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