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Tag Archive: Libor


On 15th September 2008, Lehman Brothers declared itself bankrupt. The blog was relatively new,In one of the most dramatic events of the 8135302007-2008 global financial crisis, the 160-year old institution collapsed due to its exposure to subprime mortgages. After Lehman’s failure, financial markets entered a period of unprecedented volatility and governments spent trillions of dollars attempting to restore confidence in the banking industry. Five years on, how has the banking industry landscape changed?

On the one hand, the risk of another Lehman-style collapse has been reduced because banks are better capitalised than they were before the crisis. For UK banks, for example, Tier 1 capital was 8% of risk-weighted assets in 2008; by 2012 this had risen to 13%. In addition, the market infrastructure is being strengthened by the introduction of central counterparties, Continue reading

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Quotes From Maverick Author

Recollecting some of the scandals in the Investment banking space from the   The Barclays Saga and Libor , LIBOR  Manipulationimages: Any thing for you Big Boyz , JP Morgan : Jamie Dimon Testimony and this series is endless. I believe, some of the quotes of the maverick author holds true here : Continue reading

Banking Scandals

Recollecting some of the scandals in the Investment banking space from the   The Barclays Saga and Libor , LIBOR imagesManipulation : ny thing for you Big Boyz , JP Morgan : Jamie Dimon Testimony and the series is endless ..I believe the quotes of the maverick author holds true :

  • The main difference between government bailouts and smoking is that in some rare cases the statement “This is my last cigarette “holds true
  • The difference between banks and Mafia: banks have better legal regulatory expertise,but Mafia understands the public opinion. Or you can say”Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world”  Continue reading

The way things are turning out like  The Barclays Saga and Libor , LIBOR Manipulation : ny thing for you Big Boyz , JP Morgan : Jamie Dimon Testimony and the series is endless ..I believe the quotes of the maverick author holds true :

  • The main difference between government bailouts and smoking is that in some rare cases the statement “This is my last cigarette “holds true Continue reading
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