Libor Rigging Steak Dinners
https://portside.org/2017-12-18/libor-rigging-steak-dinners
Portside Date:
Author: Financial Times
Date of source:
CNN
'The fallout from the interest rate manipulation scandal hit three continents on Wednesday as Royal Bank of Scotland paid £390m ($612m) and admitted criminal price-fixing charges over Libor-rigging. A series of lurid emails cited in the settlement laid bare a culture where employees would readily alter rates in exchange for steak dinners.'