Mis-Selling and Risk Failings: FSA Fines UBS Over Asset Backed Securities Fund.
http://www.ibtimes.co.uk/articles/434185/20130212/fsa-ubs-wealth-management-fine-aig-fund.htm
http://www.ibtimes.co.uk/articles/434185/20130212/fsa-ubs-wealth-management-fine-aig-fund.htm
I was not aware that the derivatives traders were making these requests [errant trades made by Libor riggers]. I think we were [management] was aware of issues on the trading floor on Yen Libor trades and that we thought that it was a mathematical impossibility to [rig rates] because of the topping and tailing structure.But we we wrong.
* Stephen Hester, CEO at RBS and Philip Hampton, Chairman at RBS will give evidence to the Parliamentary Commission on Banking Standards
http://www.ibtimes.co.uk/articles/433797/20130211/rbs-libor-fixing-stephen-hester-philip-hampton.htm
http://www.ibtimes.co.uk/articles/432468/20130207/credit-suisse-banks-libor-brady-dougan-tax.htm
http://www.ibtimes.co.uk/articles/432130/20130206/rbs-libor-hourican-fine-fixing-criminal.htm
Andrew Tyrie MP closes the session.
Thank you for joining IBTimes UK
Tyrie MP asks Flint is “people who earn your kind of salary have a sense of duty of giving back to society”
Flint and Gulliver said “yes, I can see why people would ask that.”
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