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Looks like the trial is underway or so [1] Still, only 13 people charged in what as institutionalized corruption. I believe the leaders of these companies wer
by late2part 12y ago
Looks like the trial is underway or so [1]
Still, only 13 people charged in what as institutionalized corruption. I believe the leaders of these companies were knowledgeable about what happened, or should have been.
[1] http://www.reuters.com/article/2015/03/20/rabobank-libor-allen-idUSL2N0WM2AC20150320 http://www.reuters.com/article/2015/03/20/rabobank-libor-all...
- sseveran 12y agoIt would probably be difficult to prove that senior leadership knew about it unless there is an email trail.
- cm2187 12y agoThis is not corruption. Fraud rather.
- rrrx3 12y agoShould have been, yes. Actually knowledgable - not in a million years. Those who sit on the Group Executive Committee are extremely far removed from the day to day goings on. Running a 100k+ person bank with 4 completely different divisions is totally different from running a desk. The odds that someone on the GEC even knows the name of a person on a desk lower than MD or D is slim to none, unless that person is an absolute rockstar.