September 12, 2012 archive

Sep 12

Commodities markets: food price rush

In 2012 the price of soy grew over 30%, and this summer wheat and corn hit respectively +30% and +38%. In the last six months of 2010 alone, more than 44 million people were driven into extreme poverty as a result of rising food prices. At the same time, banks and financial investors are making …

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Sep 12

BBA warned banks on LIBOR-EURIBOR rate-rigging

The British Bankers’ Association (BBA) issued a warning to banks in April 2008 to “submit honest rates” to its Libor setting panel. One email, dated 21 May 2008, appears to show that Angela Knight, the chief executive of the BBA, was aware of the potential for banks to submit rates not reflecting the price at …

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