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Banks can not catch a break. Just as one embarrassing headline fades, another pops up to put banks back into the limelight. Over the past weeks, revelations of JP Morgan Chase's large trading loss have been eclipsed by the disclosure of Barclay's tweaking of LIBOR (the acronym for the London Inter-Bank Offer Rate, a key benchmark for setting loans and deposits). It is alleged the bank doctored submissions to make its health and funding appear rosier than perhaps was warranted. While these events transpired, in the background remains the public's general frustration with low deposit rates, ubiquitous bank fees, obscene executive compensation and the industry's non-stop lobbying to thwart further regulation.

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