Braking the banks

Kean, Tom
September 2009
Money Marketing;9/10/2009, p33
In this article, the author reflects on the bank's problem with retail banking in Great Britain. With Libor rates way off retail levels, he stresses his confidence that 99% of people have no idea on the relation between profit margin and banks. Moreover, he emphasizes the impact of retail banking on independent financial advisers (IFAs).


Related Articles

  • BBA prepared to surrender Libor control. Brennan, Henry // Mortgage Strategy (Online Edition);9/26/2012, p5 

    The article reports that the British Bankers Association (BBA) has prepared to relinquish control of setting the Libor rate after the announcement made by managing director Martin Wheatley of the Financial Services Authority (FSA) over his review findings of the Libor rate manipulation.

  • WALL ST./FINANCE.  // MondayMorning;3/2/2015, Vol. 23 Issue 9, p5 

    A chart is presented depicting key rates in 2015 including federal target rate libor and unemployment rate.

  • Libor likely to be strengthened.  // Fund Strategy;8/20/2012, p1 

    The article reports on the Libor market model investigation by the Financial Services Authority (FSA) in Great Britain, which ruled out that Libor remain unchanged due to the weaknesses and credibility issues in the inter-bank lending rate but will likely be strengthened.

  • DEVELOPMENTS IN BANKING AND FINANCIAL LAW: 2012.  // Review of Banking & Financial Law;2012-2013, Vol. 32 Issue 1, p1 

    The article traces the LIBOR framework, analyzes the recommended LIBOR reforms, and discusses its future in Great Britain. It explains the calculation of LIBOR and provides an overview of its scandal and the attempted LIBOR manipulation by Barclays PLC. It examines the recommendations of LIBOR...

  • LIBOR POKER. ROOSE, KEVIN // New York;10/1/2012, Vol. 45 Issue 31, p12 

    The article discusses the developments in the global financial market. It focuses on the London Interbank Offered Rate (LIBOR)-rigging scandal during the summer of 2012. LIBOR is a benchmark used to set interest rates on financial products like mortgages and student loans. The opinion of LIBOR...

  • Libor Warnings lgnored -15 Years Ago. Robb, Richard // Leveraged Finance News;9/10/2012, Vol. 2 Issue 35, p1 

    The article reports on the method used by the Chicago Mercantile Exchange (CME) in calculating the London interbank offered rate (Libor). It outlines the process of the CME's Libor, which was devised in 1981 following its Eurodollar futures contract, in which it would select 20 banks at random...

  • Ikaria Refinances $850M in Term Loans.  // Leveraged Finance News;7/8/2013, Vol. 3 Issue 27, p2 

    The article reports on the move of Ikaria Acquisition to refinance its $850 million in term loans. It notes that the commitments on the deal, which comprises of two lien term loans, made due on July 1, 2013. It adds that the company will use a part of the proceeds to pay a $475 million dividend...

  • Three arrested in SFO Libor raids. Dale, Samuel // Fundweb;12/11/2012, p8 

    The article reports on the arrest of three men by Serious Fraud Office (SFO) over the issue of Libor manipulation in London, England. The men are arrested and brought to the city's police station for interview. It notes the fines paid by Barclays for the same issue, which also forced the...

  • News analysis: What led to Deutsche Bank's whopping £1.7bn fine? Norman, Tessa; Suter, Laura // Fundweb;5/7/2015, p28 

    The article reports on the £1.7 billion fine of the financial institution Deutsche Bank AG for its involvement in the Libor and Euribor rate-rigging scandal in Great Britain. It provides overview of the details of the fines and the notice from the Financial Conduct Authority (FCA) which...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics