Sentences with phrase «of libor»
Not exact matches
Like most people in a bit of a huff, he tweeted: «New finance committee is a total joke» and that «Tyrie had already reached his conclusions before he whitewashed libor scandal».
https://www.totalpolitics.com/
On Monday of this week, Fortune.com reported that US Department of Justice dropped its probe of CitiGroup's libor rigging scandal from 3 years earlier, which involved 6 banks, and which was tied to trillions of dollars in loans and that the US government had no plans to bring any criminal charges against CitiGroup in particular.
Wingate, a subsidiary of Guardian Care Homes, has brought an interest rate swap claim, against Lloyds, alleging that a 2011 settlement over swap mis - selling should be overturned because of the bank's libor fixing.
The rate is low, something like libor +1 %, however the loan is collateralized by moving market positions to cash and therefore you are missing out on the average 7 % market returns., so the overall rate is closer to 8 - 9 %, so its a tradeoff of opportunity cost versus convenience.