RBS Next to be Fined in LIBOR-Rigging Scheme
The inquiry into a LIBOR-rigging scheme looks set to claim another quarry as RBS will reportedly be fined about 150 million pounds.
British Parliament Calls for Investigation of Auditors
On Wednesday, a parliamentary report from Britain called for an investigation by the nation’s competition authorities to learn why the “Big Four” auditing firms did not warn supervisors regarding banks before the financial crisis hit.
Sinking in a morass of misinformation
Barn-burner of a speech, with some House of Lords-style harrumphing thrown in for good measure. In a perfectly-timed dovetail today, the U.S. Census Bureau reported...