Ex-UBS trader appears in first Libor-fixing trial Ex-UBS trader appears in first Libor-fixing trial
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  1. #1

    Fingers like lightning

    Martin@AS Financial 's job has never been outsourced


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    Default Ex-UBS trader appears in first Libor-fixing trial

    Will be interesting to see if this ends up with a custodial sentence:

    Ex-UBS trader appears in first Libor-fixing trial | News | Mortgage Strategy

  2. #2

    Richer than sasguru

    DimPrawn is a fount of knowledge

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    If it was in the US he would face 300 years in prison.

    Here he will probably just have his bonus this month reduced to £2m.

  3. #3

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    Quote Originally Posted by DimPrawn View Post
    If it was in the US he would face 300 years in prison.

    Here he will probably just have his bonus this month reduced to £2m.
    Good article here - "Why putting bank bosses behind bars is still nigh on impossible"

    Why putting bank bosses behind bars is still nigh on impossible | Business | The Guardian

    The main argument is that a heavy crackdown would lead to banks draining credit from the economy.

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