Friday, February 8, 2013

DailyMarkets.com - Libor Scam/Tom Hayes: Goes Much Higher Than Me

DailyMarkets.com - Libor Scam/Tom Hayes: Goes Much Higher Than Me

Libor Scam/Tom Hayes: Goes Much Higher Than Me

Posted: 08 Feb 2013 06:04 AM PST

I have long maintained that senior executives on Wall Street were very much aware of the collusive racketeering in the Libor rigging scandal. Why so? When a trader 'makes it rain', that is, he is connected to a P/L that generates hundreds of millions of dollars, you better believe that the execs up the chain of command will want to know how the money is being made.
To think otherwise would display a level of naivete not found in these markets.
What evidence do we learn this morning that … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Pakistan Holds Rate Due To Major Risks To Inflation Outlook

Posted: 08 Feb 2013 05:19 AM PST

    Pakistan’s central bank kept its policy rate steady at 9.5 percent, saying further rate cuts have limited effect in stimulating growth and there are major risks to the medium-term inflation outlook.
    The State Bank of Pakistan (SBP), which cut policy rates by 250 basis points last year, said it would narrow the width of its interest rate corridor to 250 basis points from 300 points to minimize short-term volatility in interest rates, improve transparency and thus aid … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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