• LIBOR | Money, banking and central banks | Finance & Capital Markets | Khan Academy

    London InterBank Offer Rate. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/federal-reserve/v/fed-open-market-operations?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/banking-and-money/v/frb-commentary-3-big-picture?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: We all use money and most of us use banks. Despite this, the actual working of the banking system is a bit of a mystery to most (especially fractional reserve banking). This older tutorial (bad handwriting and resolution) starts from a basi...

    published: 11 Apr 2011
  • What is The London Inter-Bank Offer Rate (LIBOR)?

    LIBOR is the world's most widely-used benchmark for short-term interest rates. It serves as the primary indicator for the average rate at which banks that contribute to the determination of LIBOR may obtain short-term loans in the London interbank market. Currently there are 11 to 18 contributor banks for five major currencies (US$, EUR, GBP, JPY, CHF), giving rates for seven different maturities. A total of 35 rates are posted every business day with the 3-month U.S. dollar rate being the most common. By Barry Norman, Investors Trading Academy.

    published: 18 Jun 2014
  • RBS fined over Libor

    The Royal Bank of Scotland has fined been fined £390m for attempting to rig Libor, the inter bank lending rate. The Financial Services Authority says wrongdoing was taking place two years after it was bailed out by the tax payer. Read the full story here: http://www.channel4.com/news/rbs-fined-for-libor-rate-fixing Follow Siobhan Kennedy on Twitter here: https://twitter.com/siobhankennedy4

    published: 06 Feb 2013
  • LIBOR Explained

    "Late last month, Barclay's Bank, a multinational bank and financial institution based in the United Kingdom, admitted to regulators that it tried to manipulate something called "Libor" before and during the financial crisis in 2008. "Libor" is an acronym for London Interbank Offered Rate. It is a rate used as a benchmark for the cost of lending throughout the financial system, and it is also used as a reference rate for a wide range of financial products like car loans, adjustable-rate mortgages, student loans and credit cards. "The Libor is not based on an objective measure of the interest for bank-to-bank loans. It is the average of a daily poll of the Association's member banks, who give an estimate of the interest rate they think they would pay if they sought to borrow from another b...

    published: 12 Jul 2012
  • Interest rate swap 1 | Finance & Capital Markets | Khan Academy

    The basic dynamic of an interest rate swap. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/interest-rate-swaps-tut/v/interest-rate-swap-2?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/credit-default-swaps-tut/v/financial-weapons-of-mass-destruction?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: Interest is the basis of modern capital markets. Depending on whether you are lending or borrowing, it can be viewed as a return on an asset (lending) or the cost of capital (borrowing). This tutori...

    published: 16 Sep 2011
  • 7 Financial Mysteries that Will SHAKE You

    7 Financial Mysteries & Conspiracies of History The Bank of Credit and Commerce International was at its peak the seventh largest private bank in the world, with assets of over 20 billion dollars and operations in 78 different countries. But in the 1980s it became clear that they'd been subjected to some pretty lax regulations, and by this we mean they did whatever the hell they wanted and nobody gave a shit because rich guys, that's why. If you were asked to name the toughest place to get into where would you think of? Anyone who said Emma Watson's underwear is perverted, but most people would probably say Fort Knox. Fort Knox is where the US stashes its official gold reserves worth approximately $175 billion dollars…or is it? The Federal Reserve is one of those weird institutions whic...

    published: 11 May 2016
  • What is libor

    This Market Business News presentation explains what Libor is, how the rate is calculated, and why it is so important globally.

    published: 31 May 2015
  • What is “Libor” and Why Is It Being Phased Out?

    (Schwab Market Snapshot 083) London Interbank Offered Rate, or “Libor”—it’s a term you’ve probably heard before, but you may not know exactly what it is. In this week’s Schwab Market Snapshot, Randy Frederick and Collin Martin talk about the phase-out of the Libor, and how this change might impact investors. Subscribe to our channel: https://www.youtube.com/charlesschwab Click here for more insights: http://insights.schwab.com/ (0817-7R8K)

    published: 10 Aug 2017
  • What is LIBOR ?

    This video explains the features of London Inter-Bank Offered Rate

    published: 12 Feb 2017
  • The Emerging LIBOR Scandal

    This is what you need to understand about LIBOR - It's stands for the London InterBank Offered Rate. So what does that mean? It's basically the rate that banks around the world are lending money to each other. And the way it's calculated is each day - the banks submit what rate they can afford to borrow money at - and the average of what all the banks submit becomes the LIBOR rate. But what's really important to remember here is - LIBOR doesn't just apply to the rate banks lend money to each other. It also applies to the rate that we consumers pay on several different types of loans - including mortgages, car loans, and credit card rates. So if those rates are manipulated by banks - and artificially driven higher - then it affects a lot of people - and leads to working people paying more o...

    published: 06 Jul 2012
  • LIBOR and the LIBOR Scandal: What It Is and What It Isn't - Stephen Lieske

    http://www.allenmatkins.com LIBOR -- formerly an acronym that was mostly known to and used by only certain bankers, borrowers, purveyors of derivative securities and, of course, their lawyers, is now seemingly on everyone's mind. Not a day goes by that every form of media does not contain a new article (or rant) about LIBOR and the scandal surrounding LIBOR. This video explains LIBOR, how LIBOR is set, and how it has been used in real estate lending transactions. It also addresses the scandal and some of the potential responses by applicable regulatory bodies.

    published: 10 Jan 2013
  • UBS Agrees to $1.5bn Fine over Rates Rigging

    Swiss bank UBS will pay $1.5 billion in fines to regulators over their attempts to manipulate the Libor interbank lending rate. Full story: Swiss bank UBS will pay $1.5 billion to regulators after admitting to fraud and the manipulation of the Libor lending rate. The fine will be paid to US, UK, and Swiss regulators. It is over three times the $450 million fine ordered to be paid by the Barclays in June in another action related to Libor. Libor is the average interest rate at which major banks charge each other to lend money. Dozens of people across three continents are said to have attempted to rig the Libor rates by keeping submissions low. The rates are set by the British Bankers' Association, are are based upon the estimates submitted by major banks. Libor rates are used to calcul...

    published: 19 Dec 2012
  • Prime Rate What is it

    Prime Rate What is it? Prime Lending Rate is the rate at which banks lend money to each other overnight and is used to determine short term lending rates to consumers. Read the full story at http://delawaremortgageloans.net/prime-rate-what-is-it/ Prime Lending Rate is used to determine the rates on many variable rate consumer loans such as credit cards, car loans, home equity lines of credit, and some business loans. Prime is about 3% higher than the Fed Funds Rate and will move when Feds changed their rate. John R. Thomas Certified Mortgage Planner - NMLS 38783 Primary Residential Mortgage, Inc. 248 E Chestnut Hill Rd Newark, DE 19713 302-703-0727 Office Apply Online at http://www.PrimaryResidentialMortgage... Free Delaware First Time Home Buyer Seminar - http://www.DelawareHomeBuye...

    published: 01 Oct 2016
  • Breaking News - Top bank bosses knew about Libor rigging

    An extraordinary meeting of top bankers was held at the height of the financial crisis to discuss the ‘lowballing’ of Libor and action to collectively hike the rate, The Mail on Sunday can reveal.Former UBS broker Tom Hayes was jailed for 11 years in 2015 for rigging Libor – the interest rate for interbank borrowing.No senior figures have been investigated over manipulation of the benchmark and many deny they even knew about the existence of the practice of lowballing.However, exactly what was known by senior bosses is coming under the spotlight as Hayes tries to win a review of his case by attempting to show that Libor rigging was condoned from the top down.Businesses which lost money on Libor-linked loans have been digging up information to support their own cases against the banks.Court...

    published: 10 Dec 2017
  • Historical libor interest rates

    http://www.lendinguniverse.com provides historical libor interest rates for all types of real estate loans and all of your lending needs in California Florida and all other states. Connect with http://www.mortgagecalculator-loan.com for residential commercial and land loans also Mobile Home, Construction Loan, Notary, Refinancing and best interest rate, bad credit mortgage solution. Simply complete our simple form and we will deliver you fast, accurate multiple results. We are neither a lenders nor a broker we give borrower tools to find and track all the negotiations. Lenders compete- You decide. Here is partial list of Calculators the site does a lot more: mortgage rates fed interest rate current mortgage rates federal interest rate historical libor interest rates interest r...

    published: 10 Mar 2009
  • What is OVERNIGHT INDEXED SWAP? What does OVERNIGHT INDEXED SWAP mean?

    What is OVERNIGHT INDEXED SWAP? What does OVERNIGHT INDEXED SWAP mean? OVERNIGHT INDEXED SWAP meaning - OVERNIGHT INDEXED SWAP definition -OVERNIGHT INDEXED SWAP explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. An overnight indexed swap (OIS) is an interest rate swap where the periodic floating payment is generally based on a return calculated from a daily compound interest investment. The reference for a daily compounded rate is an overnight rate (or overnight index rate) and the exact averaging formula depends on the type of such rate. The index rate is typically the rate for overnight unsecured lending between banks, for example the Federal funds rate for US dollars, Eonia for Euros or Sonia for sterling. The fixed rat...

    published: 13 May 2017
  • Libor scandal probes spread

    http://www.euronews.com/ Britain's anti-fraud investigators are to look into the Libor interest rate-rigging scandal. The Serious Fraud Office probe comes after Barclays chief executive Bob Diamond resigned over his bank's role in the manipulation of the inter-bank lending rate. The SFO has said it will decide within a month whether to bring criminal charges against Barclays and other banks. Barclays was fined nearly 370 million euros by US and British authorities, becoming the first bank to settle in an investigation that is looking at more than a dozen other banks and submissions they made for calculating Libor rates. *Deutsche Bank* Reuters reported on Friday that the German markets regulator BaFin has launched an investigation in possible Libor wrong doing at Deutsche Bank. Th...

    published: 06 Jul 2012
  • ⚠️ 𝐁𝐚𝐧𝐤 𝐋𝐨𝐚𝐧 𝐂𝐫𝐞𝐚𝐭𝐢𝐨𝐧 𝐂𝐫𝐚𝐬𝐡𝐞𝐬 𝐌𝐨𝐬𝐭 𝐒𝐢𝐧𝐜𝐞 𝐓𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐂𝐫𝐢𝐬𝐢𝐬 & 𝐋𝐢𝐛𝐨𝐫 𝐑𝐚𝐭𝐞 𝐒𝐩𝐢𝐤𝐞𝐬 𝐓𝐨 𝟖𝐘𝐫 𝐇𝐢𝐠𝐡 ⚠️

    ⚠️ 𝐁𝐚𝐧𝐤 𝐋𝐨𝐚𝐧 𝐂𝐫𝐞𝐚𝐭𝐢𝐨𝐧 𝐂𝐫𝐚𝐬𝐡𝐞𝐬 𝐌𝐨𝐬𝐭 𝐒𝐢𝐧𝐜𝐞 𝐓𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐂𝐫𝐢𝐬𝐢𝐬 & 𝐋𝐢𝐛𝐨𝐫 𝐑𝐚𝐭𝐞 𝐒𝐩𝐢𝐤𝐞𝐬 𝐓𝐨 𝟖𝐘𝐫 𝐇𝐢𝐠𝐡 ⚠️ Bank Loan Creation Crashes At Fastest Pace Since The Financial Crisis Bank Lending Signals Caution Libor Spikes Most In 15 Months To 8 Year Highs Last weekend, after searching on the contemporary H.eight announcement via the Fed, we noted some thing concerning: general loans and leases by way of U.S. commercial banks were growing at an annual tempo of about 4.6%, based totally on weekly Fed statistics. That is down from a 6.four% pace for all of ultimate year and height charges of around eight% in mid-2016. This is the slowest pace of debt advent since the spring of 2014. This deceleration has caused numerous questions about the sustainability of the healing, and led the WSJ to referred...

    published: 25 Nov 2017
  • Euribor manipulation report

    http://www.euronews.com/ There have been more developments in the interest rate manipulation scandal. The Wall Street Journal reports the European Union is set to accuse several banks of attempting to rig the setting of the Euribor lending rate. Barclays has already admitted that. Others under investigation reportedly include France's Credit Agricole and Societe Generale, Britain's HSBC and Germany's Deutsche Bank. Euribor, the euro interbank offered rate, and Libor, the London interbank offered rate, are the key gauges of how much banks pay to borrow from peers, and underpin swathes of financial products from Spanish mortgages to derivatives contracts sealed in London. Both are set using interbank borrowing rates submitted by banks. At the same time Britain's Serious Fraud Office ha...

    published: 11 Dec 2012
  • Rate rise is not wise - Trade.com

    Focusing in on Central Banks  The November 2nd MPC meeting and Rate Rise decision fast approaches. It is looking likely that the Bank of England will raise rates. After disappointing retails sales this morning we take a look at the economy of the United Kingdom as a whole. Current rate rise projections however are not linked with recent economic data, but are more linked to Mark Carney and his speeches. With the target rate at 2% Mark Carney said that the difficulty in the MPC mandate is not just in reaching the target rate but avoiding being detrimental to economic growth and employment in the lead up. The BoE have in recent meetings come across as more forceful in their suggestions of when they will move rates. Traders are however asking the question: "What is the point of one and done...

    published: 19 Oct 2017
  • Libor-Fixing scandal: Students warned of rigging years ago

    The extent of damage done by the banks involved in the Libor rigging scandal is estimated by the trillions of dollars, but there were plenty of chances to expose the scheme years before news of it shocked the world in June. In April 2010, University of Minnesota graduate students Connan Snider and Thomas Youle released a paper suggesting that leading global banks were manipulating the Libor—the world's most important lending rate—to benefit their own trading positions. And it was only last week that they said their attempts to have the research published in academic finance journals were rejected. RT's Kristine Frazao has more. Like us and/or follow us: http://twitter.com/RT_America http://www.facebook.com/RTAmerica

    published: 16 Oct 2012
  • Libor Scandal - The Crime of The Century?

    Libor Scandal - The biggest banking scandal in history is being ignored by the main stream media and it makes what Bernie Madoff did, pale in comparison. It is known as the London Inter Bankling Offer Rate or LIBOR scandal and the main stream media for all intents and purposes is ignoring it. What exactly is the LIBOR scandal and why does it matter? The LIBOR is the average interest rate that the largest banks in the world pay to borrow money. This rate is used when pricing hundreds of trillions, yes, that is trillions of dollars worth of loans including large corporate debt all the way to student loans. And because this rate is used directly to price high yield debt to the biggest borrowers, it affects most other interest rates in the world. Just to give you an idea of the magnitude of...

    published: 17 Jul 2012
  • What Is The Meaning Of Libor?

    Meaning, pronunciation, translations and examples libor is a benchmark rate published at 11 00 gmt each day by the british bankers that, i mean that banks like to put up front they will lend x ('yes, come in! our balance sheet healthy we're open for business even ice (formerly known as bba libor) produced five every calculated using trimmed arithmetic meaning, definition, what abbreviation london inter bank offered interest which uk. Asp url? Q webcache. In practice, libor acts as a benchmark interest rate which libor, the london inter bank lending rate, is considered to be one of most important rates in finance, upon trillions financial contracts rest money term you need understand. This rate is john kiff the london interbank used widely as a benchmark but has come under fire definition o...

    published: 05 Dec 2017
  • Libor-style scandal brewing with gas prices

    Remember the Libor scandal where the banks rigged the bank lending rate? There may be a similar one brewing as energy companies are accused of rigging the wholesale price of gas. .

    published: 13 Nov 2012
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LIBOR | Money, banking and central banks  | Finance & Capital Markets | Khan Academy

LIBOR | Money, banking and central banks | Finance & Capital Markets | Khan Academy

  • Order:
  • Duration: 3:37
  • Updated: 11 Apr 2011
  • views: 104602
videos
London InterBank Offer Rate. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/federal-reserve/v/fed-open-market-operations?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/banking-and-money/v/frb-commentary-3-big-picture?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: We all use money and most of us use banks. Despite this, the actual working of the banking system is a bit of a mystery to most (especially fractional reserve banking). This older tutorial (bad handwriting and resolution) starts from a basic society looking to do more than barter and incrementally builds to a modern society with fraction reserve banking. Through this process, you will hopefully gain a deep understanding of how money and banking works in our modern world. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
https://wn.com/Libor_|_Money,_Banking_And_Central_Banks_|_Finance_Capital_Markets_|_Khan_Academy
What is The London Inter-Bank Offer Rate (LIBOR)?

What is The London Inter-Bank Offer Rate (LIBOR)?

  • Order:
  • Duration: 1:43
  • Updated: 18 Jun 2014
  • views: 996
videos
LIBOR is the world's most widely-used benchmark for short-term interest rates. It serves as the primary indicator for the average rate at which banks that contribute to the determination of LIBOR may obtain short-term loans in the London interbank market. Currently there are 11 to 18 contributor banks for five major currencies (US$, EUR, GBP, JPY, CHF), giving rates for seven different maturities. A total of 35 rates are posted every business day with the 3-month U.S. dollar rate being the most common. By Barry Norman, Investors Trading Academy.
https://wn.com/What_Is_The_London_Inter_Bank_Offer_Rate_(Libor)
RBS fined over Libor

RBS fined over Libor

  • Order:
  • Duration: 3:43
  • Updated: 06 Feb 2013
  • views: 2635
videos
The Royal Bank of Scotland has fined been fined £390m for attempting to rig Libor, the inter bank lending rate. The Financial Services Authority says wrongdoing was taking place two years after it was bailed out by the tax payer. Read the full story here: http://www.channel4.com/news/rbs-fined-for-libor-rate-fixing Follow Siobhan Kennedy on Twitter here: https://twitter.com/siobhankennedy4
https://wn.com/Rbs_Fined_Over_Libor
LIBOR Explained

LIBOR Explained

  • Order:
  • Duration: 3:25
  • Updated: 12 Jul 2012
  • views: 5269
videos
"Late last month, Barclay's Bank, a multinational bank and financial institution based in the United Kingdom, admitted to regulators that it tried to manipulate something called "Libor" before and during the financial crisis in 2008. "Libor" is an acronym for London Interbank Offered Rate. It is a rate used as a benchmark for the cost of lending throughout the financial system, and it is also used as a reference rate for a wide range of financial products like car loans, adjustable-rate mortgages, student loans and credit cards. "The Libor is not based on an objective measure of the interest for bank-to-bank loans. It is the average of a daily poll of the Association's member banks, who give an estimate of the interest rate they think they would pay if they sought to borrow from another bank. "It is supposed to be the way the financial system assesses the overall health of the financial system, because if the banks being polled feel confident about the state of things, they report a low number, because they assume that if they had to borrow from another bank, their cost of borrowing would be low. If member banks feel a low degree of confidence in the financial system, they report a higher interest rate. And from that the Libor is calculated, affecting the interest rate on financial products around the globe. "What has emerged from the Barclay's Bank inquiry is evidence that banks may have in fact been deliberately manipulating Libor rates for years. The evidence so far is that one arm of a bank responding to the Libor poll would change their number based on what another arm of the same bank wanted—and that other arm could consist of the bank's traders who make their money on whether the rate goes up or down. This means that millions of consumers, investors and businesses have been paying the wrong interest rate. Or rather, they haven't been paying an interest rate that is set according to some legitimate benchmark. Instead they are paying a rate based on a gentlemen's agreement at financial institutions, a method that practically incentivizes those banks to game the system to maximize their profits. "And remember, the British Bankers Association, the group that is responsible for setting the rate, is not a government agency. It is just a trade group of big banks-- Bank of America, JPMorgan Chase and Deutsche Bank and others--whose decisions on such a crucial number are not based on honest accounting or rules or regulatory oversight, but on a gentlemen's agreement of honesty. "We don't know just how deep this scandal goes. But the fact is that if a fundamental component of our financial system has been or is being manipulated, we have the right to know about it. Banks are not above the law and they should not be allowed to operate in secrecy, especially when they have a history of taxpayer bailout and when we are forced to rely on them to provide capital for economic growth."
https://wn.com/Libor_Explained
Interest rate swap 1 | Finance & Capital Markets | Khan Academy

Interest rate swap 1 | Finance & Capital Markets | Khan Academy

  • Order:
  • Duration: 3:51
  • Updated: 16 Sep 2011
  • views: 195175
videos
The basic dynamic of an interest rate swap. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/interest-rate-swaps-tut/v/interest-rate-swap-2?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/credit-default-swaps-tut/v/financial-weapons-of-mass-destruction?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: Interest is the basis of modern capital markets. Depending on whether you are lending or borrowing, it can be viewed as a return on an asset (lending) or the cost of capital (borrowing). This tutorial gives an introduction to this fundamental concept, including what it means to compound. It also gives a rule of thumb that might make it easy to do some rough interest calculations in your head. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
https://wn.com/Interest_Rate_Swap_1_|_Finance_Capital_Markets_|_Khan_Academy
7 Financial Mysteries that Will SHAKE You

7 Financial Mysteries that Will SHAKE You

  • Order:
  • Duration: 7:12
  • Updated: 11 May 2016
  • views: 307440
videos
7 Financial Mysteries & Conspiracies of History The Bank of Credit and Commerce International was at its peak the seventh largest private bank in the world, with assets of over 20 billion dollars and operations in 78 different countries. But in the 1980s it became clear that they'd been subjected to some pretty lax regulations, and by this we mean they did whatever the hell they wanted and nobody gave a shit because rich guys, that's why. If you were asked to name the toughest place to get into where would you think of? Anyone who said Emma Watson's underwear is perverted, but most people would probably say Fort Knox. Fort Knox is where the US stashes its official gold reserves worth approximately $175 billion dollars…or is it? The Federal Reserve is one of those weird institutions which isn't under government control or privately owned. Those with the most influence over the Federal Reserve are the banks who elect its directors and recommend their governors, so it's not much of a stretch to imagine these people being influenced by those who elected them. It's a case of you scratch my back, I'll help you artificially control the economy. Believers of the Electronic Conspiracy Theory claim a secret group aim to control the world by forcing humanity to rely on electronic money. They apparently began manipulating world finances during the Renaissance, when precious metal-based currency was first replaced in Europe by paper notes, eliminating mankind's need for gold and silver trading. This was followed by the creation of virtual money, i.e. credit cards, and the replacement of credit cards by online processes such as internet banking. The world's biggest banks lend each other money all the time, and they impose certain interest rates to make money from these transactions. The most important is the Libor, the London inter-bank lending rate which impacts trillions of international financial contracts worth over 450 trillion dollars. Now imagine if someone could manipulate the Libor rate for personal gain, that'd probably be the biggest financial scandal in history right? Well yes, it was.
https://wn.com/7_Financial_Mysteries_That_Will_Shake_You
What is libor

What is libor

  • Order:
  • Duration: 1:19
  • Updated: 31 May 2015
  • views: 311
videos
This Market Business News presentation explains what Libor is, how the rate is calculated, and why it is so important globally.
https://wn.com/What_Is_Libor
What is “Libor” and Why Is It Being Phased Out?

What is “Libor” and Why Is It Being Phased Out?

  • Order:
  • Duration: 4:19
  • Updated: 10 Aug 2017
  • views: 5287
videos
(Schwab Market Snapshot 083) London Interbank Offered Rate, or “Libor”—it’s a term you’ve probably heard before, but you may not know exactly what it is. In this week’s Schwab Market Snapshot, Randy Frederick and Collin Martin talk about the phase-out of the Libor, and how this change might impact investors. Subscribe to our channel: https://www.youtube.com/charlesschwab Click here for more insights: http://insights.schwab.com/ (0817-7R8K)
https://wn.com/What_Is_“Libor”_And_Why_Is_It_Being_Phased_Out
What is LIBOR ?

What is LIBOR ?

  • Order:
  • Duration: 5:04
  • Updated: 12 Feb 2017
  • views: 3987
videos
This video explains the features of London Inter-Bank Offered Rate
https://wn.com/What_Is_Libor
The Emerging LIBOR Scandal

The Emerging LIBOR Scandal

  • Order:
  • Duration: 10:44
  • Updated: 06 Jul 2012
  • views: 16815
videos
This is what you need to understand about LIBOR - It's stands for the London InterBank Offered Rate. So what does that mean? It's basically the rate that banks around the world are lending money to each other. And the way it's calculated is each day - the banks submit what rate they can afford to borrow money at - and the average of what all the banks submit becomes the LIBOR rate. But what's really important to remember here is - LIBOR doesn't just apply to the rate banks lend money to each other. It also applies to the rate that we consumers pay on several different types of loans - including mortgages, car loans, and credit card rates. So if those rates are manipulated by banks - and artificially driven higher - then it affects a lot of people - and leads to working people paying more on their loans. Which is exactly what happened. Earlier this week - the CEO and COO of Barclays bank resigned after it was revealed their bank was routinely manipulating LIBOR rates between 2005 and 2009. Barclays has since been hit with a $450 million fine for this criminal activity. But the question is - was Barclays alone in this? Or were other banks involved as well - and not only that - were governments and regulators involved in the scam too? Disgraced Barclays CEO Bob Diamond is alleging just that. As the Washington Post reported on Wednesday: "Fallen banking titan Bob Diamond on Wednesday described regulators on both sides of the Atlantic as partly complicit in a scandal involving the manipulation of a key interbank lending rate, telling a British parliamentary committee that government watchdogs had failed to act after his bank, Barclays, informed them of industry-wide irregularities during the U.S. financial crisis." So just how deep does this scandal go - and how much money did the banksters make this time screwing us? For more on this story - I want to welcome Max Fraad Wolff back to the show - he is an Economist an Instructor with the Graduate Program in International Affairs at the New School University.
https://wn.com/The_Emerging_Libor_Scandal
LIBOR and the LIBOR Scandal: What It Is and What It Isn't - Stephen Lieske

LIBOR and the LIBOR Scandal: What It Is and What It Isn't - Stephen Lieske

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  • Duration: 3:52
  • Updated: 10 Jan 2013
  • views: 375
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http://www.allenmatkins.com LIBOR -- formerly an acronym that was mostly known to and used by only certain bankers, borrowers, purveyors of derivative securities and, of course, their lawyers, is now seemingly on everyone's mind. Not a day goes by that every form of media does not contain a new article (or rant) about LIBOR and the scandal surrounding LIBOR. This video explains LIBOR, how LIBOR is set, and how it has been used in real estate lending transactions. It also addresses the scandal and some of the potential responses by applicable regulatory bodies.
https://wn.com/Libor_And_The_Libor_Scandal_What_It_Is_And_What_It_Isn't_Stephen_Lieske
UBS Agrees to $1.5bn Fine over Rates Rigging

UBS Agrees to $1.5bn Fine over Rates Rigging

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  • Duration: 2:03
  • Updated: 19 Dec 2012
  • views: 255
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Swiss bank UBS will pay $1.5 billion in fines to regulators over their attempts to manipulate the Libor interbank lending rate. Full story: Swiss bank UBS will pay $1.5 billion to regulators after admitting to fraud and the manipulation of the Libor lending rate. The fine will be paid to US, UK, and Swiss regulators. It is over three times the $450 million fine ordered to be paid by the Barclays in June in another action related to Libor. Libor is the average interest rate at which major banks charge each other to lend money. Dozens of people across three continents are said to have attempted to rig the Libor rates by keeping submissions low. The rates are set by the British Bankers' Association, are are based upon the estimates submitted by major banks. Libor rates are used to calculate payments for hundreds of trillions of dollars worth of financial contracts worldwide. The bank also admitted to manipulating Euribor and Tibor, equivalent interest rates in the eurozone and Tokyo, respectively. The amount is the second-largest fine levied to a bank; HSBC agreed to pay US regulators $1.9 billion over money-laundering allegiations. In the past 18 months, UBS has lost $2.3 billion in a trading scandal, gone through management upheaval and had thousands of jobs cut. UBS Chief Executive Sergio Ermotti apologized in a statement, saying "We deeply regret this inappropriate and unethical behavior. No amount of profit is more important than the reputation of this firm, and we are committed to doing business with integrity." For the actions that occured between 2005 to 2010, UBS will pay $1.2 billion to the US Department of Justice and Commodity Futures Trading Commission, 160 million pounds to the UK'S Financial Services Authority and 59 million Swiss francs to Swiss regulator Finma. UBS says the fine will widen its fourth quarter net loss, but the bank is expected to still have made a profit this year. For more news and videos visit ☛ http://ntd.tv Follow us on Twitter ☛ http://twitter.com/NTDTelevision  Add us on Facebook ☛ http://on.fb.me/s5KV2C
https://wn.com/Ubs_Agrees_To_1.5Bn_Fine_Over_Rates_Rigging
Prime Rate What is it

Prime Rate What is it

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  • Duration: 1:22
  • Updated: 01 Oct 2016
  • views: 1990
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Prime Rate What is it? Prime Lending Rate is the rate at which banks lend money to each other overnight and is used to determine short term lending rates to consumers. Read the full story at http://delawaremortgageloans.net/prime-rate-what-is-it/ Prime Lending Rate is used to determine the rates on many variable rate consumer loans such as credit cards, car loans, home equity lines of credit, and some business loans. Prime is about 3% higher than the Fed Funds Rate and will move when Feds changed their rate. John R. Thomas Certified Mortgage Planner - NMLS 38783 Primary Residential Mortgage, Inc. 248 E Chestnut Hill Rd Newark, DE 19713 302-703-0727 Office Apply Online at http://www.PrimaryResidentialMortgage... Free Delaware First Time Home Buyer Seminar - http://www.DelawareHomeBuyerSeminar.com Free Maryland First Time Home Buyer Seminar - http://www.MarylandHomeBuyerSeminars.com Primary Residential Mortgage Newark Delaware Branch NMLS – 106170 Primary Residential Mortgage Company NMLS – 3094 Licensed by Delaware State Bank Commissioner – No. 010608 Licensed by Maryland Department of Labor, Licensing and Regulation Commissioner of Financial Regulation No. 18566 Licensed by Pennsylvania Department of Banking No. 23296.004 Licensed by Indiana Department of Financial Institutions Consumer Credit Division, First Lien License 11069 Secretary of State Securities Commission Second Lien License 103936 Licensed by New Jersey Department of Banking and Insurance Licensed by Virginia Bureau of Financial Institutions: MC 2248 Broker MC-2248 NMLS#3094 (http://nmlsconsumeraccess.org) Equal Housing Lender #DelawareMortgageRates #DelawareMortgageLoans #DelawareMortgages #JohnThomas #PrimaryResidentialMortgage #DelawareMortgageCompany #mortgagerate #DelawareHomeLoans #DelawareLoanOfficer #BragAboutYourLoanOfficer #johnthomasteam
https://wn.com/Prime_Rate_What_Is_It
Breaking News  - Top bank bosses knew about Libor rigging

Breaking News - Top bank bosses knew about Libor rigging

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  • Duration: 3:32
  • Updated: 10 Dec 2017
  • views: 1
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An extraordinary meeting of top bankers was held at the height of the financial crisis to discuss the ‘lowballing’ of Libor and action to collectively hike the rate, The Mail on Sunday can reveal.Former UBS broker Tom Hayes was jailed for 11 years in 2015 for rigging Libor – the interest rate for interbank borrowing.No senior figures have been investigated over manipulation of the benchmark and many deny they even knew about the existence of the practice of lowballing.However, exactly what was known by senior bosses is coming under the spotlight as Hayes tries to win a review of his case by attempting to show that Libor rigging was condoned from the top down.Businesses which lost money on Libor-linked loans have been digging up information to support their own cases against the banks.Court documents show that British Bankers’ Association chief executive Angela Knight wrote to leading bankers in April 2008, to say banks were submitting inaccurate figures for the rate.Libor is put together by banks reporting the rates they can borrow from each other to a central data gatherer, which at the time was the BBA.But in 2008 there was almost no inter-bank lending going on and those submitting rates were thought to be putting forward low rates to give the impression of stability.In the memo Knight sent to the BBA board – which included HSBC’s chairman Stephen Green and Lloyds’ boss Eric Daniels – she outlined the practice.She recommended there should be ‘co-ordinated action’ by a large number of banks ‘directed from the most senior level’.The day after the meeting, a key US dollar Libor rate jumped by almost 0.2 per cent.Lloyds, which was fined for rigging Libor, told The Mail on Sunday that any Libor manipulation at Lloyds was ‘not known about or condoned by the senior management.’HSBC declined to comment. Lord Green failed to respond to requests for comment. AutoNews- Source: http://www.dailymail.co.uk/money/news/article-5163057/Top-bank-bosses-knew-Libor-rigging.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490
https://wn.com/Breaking_News_Top_Bank_Bosses_Knew_About_Libor_Rigging
Historical libor interest rates

Historical libor interest rates

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  • Duration: 0:37
  • Updated: 10 Mar 2009
  • views: 311
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http://www.lendinguniverse.com provides historical libor interest rates for all types of real estate loans and all of your lending needs in California Florida and all other states. Connect with http://www.mortgagecalculator-loan.com for residential commercial and land loans also Mobile Home, Construction Loan, Notary, Refinancing and best interest rate, bad credit mortgage solution. Simply complete our simple form and we will deliver you fast, accurate multiple results. We are neither a lenders nor a broker we give borrower tools to find and track all the negotiations. Lenders compete- You decide. Here is partial list of Calculators the site does a lot more: mortgage rates fed interest rate current mortgage rates federal interest rate historical libor interest rates interest rates today's mortgage rates lowest mortgage rates mortgage interest rates federal reserve interest rates what is the prime interest rate prime interest rate what is the current fed interest rate mortgage rates predictions what is the libor interest rate compare mortgage rates current prime interest rate wells fargo mortgage rates interest rate calculator mortgage interest rates in maine home mortgage rates current mortgage interest rates best mortgage rates how are mortgage rates determined todays mortgage rates refinance mortgage rates
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What is OVERNIGHT INDEXED SWAP? What does OVERNIGHT INDEXED SWAP mean?

What is OVERNIGHT INDEXED SWAP? What does OVERNIGHT INDEXED SWAP mean?

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  • Duration: 4:27
  • Updated: 13 May 2017
  • views: 714
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What is OVERNIGHT INDEXED SWAP? What does OVERNIGHT INDEXED SWAP mean? OVERNIGHT INDEXED SWAP meaning - OVERNIGHT INDEXED SWAP definition -OVERNIGHT INDEXED SWAP explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. An overnight indexed swap (OIS) is an interest rate swap where the periodic floating payment is generally based on a return calculated from a daily compound interest investment. The reference for a daily compounded rate is an overnight rate (or overnight index rate) and the exact averaging formula depends on the type of such rate. The index rate is typically the rate for overnight unsecured lending between banks, for example the Federal funds rate for US dollars, Eonia for Euros or Sonia for sterling. The fixed rate of OIS is typically an interest rate considered less risky than the corresponding interbank rate (LIBOR) because there is limited counterparty risk. The LIBOR–OIS spread is the difference between LIBOR and the (OIS) rates. The spread between the two rates is considered to be a measure of health of the banking system. It is an important measure of risk and liquidity in the money market, considered by many, including former US Federal Reserve chairman Alan Greenspan, to be a strong indicator for the relative stress in the money markets. A higher spread (high Libor) is typically interpreted as indication of a decreased willingness to lend by major banks, while a lower spread indicates higher liquidity in the market. As such, the spread can be viewed as indication of banks' perception of the creditworthiness of other financial institutions and the general availability of funds for lending purposes. The LIBOR–OIS spread has historically hovered around 10 basis points (bps). However, in the midst of the financial crisis of 20072010, the spread spiked to an all-time high of 364 basis points in October 2008, indicating a severe credit crunch. Since that time the spread has declined erratically but substantially, dropping below 100 basis points in mid-January 2009 and returning to 10–15 basis points by September 2009. Three-month LIBOR is generally a floating rate of financing, which fluctuates depending on how risky a lending bank feels about a borrowing bank. The OIS is a swap derived from the overnight rate, which is generally fixed by the local central bank. The OIS allows LIBOR-based banks to borrow at a fixed rate of interest over the same period. In the United States, the spread is based on the LIBOR Eurodollar rate and the Federal Reserve's Fed Funds rate. LIBOR is risky in the sense that the lending bank loans cash to the borrowing bank, and the OIS is stable in the sense that both counterparties only swap the floating rate of interest for the fixed rate of interest. The spread between the two is, therefore, a measure of how likely borrowing banks will default. This reflects counterparty credit risk premiums in contrast to liquidity risk premiums. However, given the mismatch in the tenor of the funding, it also reflects worries about liquidity risk as well. In the United States, the LIBOR–OIS spread generally maintains around 10 bps. This changed abruptly, as the spread jumped to a rate of around 50 bps in early August 2007 as the financial markets began to price in a higher risk environment. Within months, the Bank of England was forced to rescue Northern Rock from failure. The spread continued to maintain historically high levels as the crisis continued to unfold. As markets improved, the spread fell and as of October 2009, stood at 10 bps once again, only to rise again as struggles of the PIIGS countries threatened European banks. As of December 2011, the spread again stands at 40+ bps level. Whilst liquidity is provided in excess by monetary policy authorities the LIBOR-OIS is less of an indicator of stress.
https://wn.com/What_Is_Overnight_Indexed_Swap_What_Does_Overnight_Indexed_Swap_Mean
Libor scandal probes spread

Libor scandal probes spread

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  • Duration: 0:31
  • Updated: 06 Jul 2012
  • views: 1230
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http://www.euronews.com/ Britain's anti-fraud investigators are to look into the Libor interest rate-rigging scandal. The Serious Fraud Office probe comes after Barclays chief executive Bob Diamond resigned over his bank's role in the manipulation of the inter-bank lending rate. The SFO has said it will decide within a month whether to bring criminal charges against Barclays and other banks. Barclays was fined nearly 370 million euros by US and British authorities, becoming the first bank to settle in an investigation that is looking at more than a dozen other banks and submissions they made for calculating Libor rates. *Deutsche Bank* Reuters reported on Friday that the German markets regulator BaFin has launched an investigation in possible Libor wrong doing at Deutsche Bank. The German regulator declined to comment specifically on whether it was probing Deutsche Bank, but said it was in looking into suspected manipulation of Libor rates by banks. "We are making use of our entire spectrum of regulatory instruments, so far as this is necessary," a spokesman said. Deutsche Bank declined to comment but referred to its quarterly report which said the bank has received various subpoenas and requests for information from certain regulators and governmental entities in the United States and Europe, in connection with setting interbank offered rates for various currencies. *Reform* The scandal is likely to force regulators to reform the way Libor rates are set making it more transparent. But many market participants believe any changes would be a compromise rather than a solution to fully restore the reputation of what has been called the world's most important financial instrument. Libor rates are used in hundreds of trillions of euros worth of financial contracts, ranging from credit cards to complicated derivatives transactions. Those who use the system say it would be almost impossible to replace it quickly with another rate because of the risk of financial and legal chaos. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
https://wn.com/Libor_Scandal_Probes_Spread
⚠️ 𝐁𝐚𝐧𝐤 𝐋𝐨𝐚𝐧 𝐂𝐫𝐞𝐚𝐭𝐢𝐨𝐧 𝐂𝐫𝐚𝐬𝐡𝐞𝐬 𝐌𝐨𝐬𝐭 𝐒𝐢𝐧𝐜𝐞 𝐓𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐂𝐫𝐢𝐬𝐢𝐬 & 𝐋𝐢𝐛𝐨𝐫 𝐑𝐚𝐭𝐞 𝐒𝐩𝐢𝐤𝐞𝐬 𝐓𝐨 𝟖𝐘𝐫 𝐇𝐢𝐠𝐡 ⚠️

⚠️ 𝐁𝐚𝐧𝐤 𝐋𝐨𝐚𝐧 𝐂𝐫𝐞𝐚𝐭𝐢𝐨𝐧 𝐂𝐫𝐚𝐬𝐡𝐞𝐬 𝐌𝐨𝐬𝐭 𝐒𝐢𝐧𝐜𝐞 𝐓𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐂𝐫𝐢𝐬𝐢𝐬 & 𝐋𝐢𝐛𝐨𝐫 𝐑𝐚𝐭𝐞 𝐒𝐩𝐢𝐤𝐞𝐬 𝐓𝐨 𝟖𝐘𝐫 𝐇𝐢𝐠𝐡 ⚠️

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  • Duration: 6:02
  • Updated: 25 Nov 2017
  • views: 2
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⚠️ 𝐁𝐚𝐧𝐤 𝐋𝐨𝐚𝐧 𝐂𝐫𝐞𝐚𝐭𝐢𝐨𝐧 𝐂𝐫𝐚𝐬𝐡𝐞𝐬 𝐌𝐨𝐬𝐭 𝐒𝐢𝐧𝐜𝐞 𝐓𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐂𝐫𝐢𝐬𝐢𝐬 & 𝐋𝐢𝐛𝐨𝐫 𝐑𝐚𝐭𝐞 𝐒𝐩𝐢𝐤𝐞𝐬 𝐓𝐨 𝟖𝐘𝐫 𝐇𝐢𝐠𝐡 ⚠️ Bank Loan Creation Crashes At Fastest Pace Since The Financial Crisis Bank Lending Signals Caution Libor Spikes Most In 15 Months To 8 Year Highs Last weekend, after searching on the contemporary H.eight announcement via the Fed, we noted some thing concerning: general loans and leases by way of U.S. commercial banks were growing at an annual tempo of about 4.6%, based totally on weekly Fed statistics. That is down from a 6.four% pace for all of ultimate year and height charges of around eight% in mid-2016. This is the slowest pace of debt advent since the spring of 2014. This deceleration has caused numerous questions about the sustainability of the healing, and led the WSJ to referred to that the slowdown, "is at odds with the concept of a more potent economic system and rising sentiment." But the slowdown turned into mainly acute in the all critical for increase Commercial and Industrial loan category, which after growing at a tempo of 10% inside the first half of of 2016, had suddenly slowed to simply four.zero%, almost 50% lower than the 7% boom notched at the start of the year. This turned into the lowest pace of loan boom on the grounds that July of 2011. Fast forward one week, whilst after the modern-day update to the Fed's today's weekly commercial bank mortgage data, we discover that the developments have deteriorated drastically. As shown within the chart beneath, after developing four.6% one week in the past, general loans and rentals grew most effective four.2% in the week ended March 8: the bottom boom fee due to the fact May 2014. However, it was yet again the Commercial and Industrial loans creation - or lack thereof - which turned into more tricky, because after developing four.zero% on a yr over 12 months foundation as of March 1, and five.7% one month in the past as of February 8, the growth charge has due to the fact tumbled to simply 2.9%, a 1.1% decline within the growth rate during the last week. As proven within the chart below, on a cumulative four-week foundation the slowdown in C&I loan creation tumbled with the aid of 2.eight% as of the latest duration: this became the biggest month-to-month slowdown going again to the monetary crisis. There has been no definitive explanation for this surprising phenomenon, prompting the WSJ to inquire "who hit the brakes?" that's ironic due to the fact simply as troubling because the large drop in C&I loans is the relentless grind lower in vehicle loans, which might be likewise growing at a tempo of just 4.9% Y/Y, or 1/2 what it changed into as these days as final September, while Ford ominously warned that the United States auto market had plateaued. As we noted final week, two capability thoughts were placed forth to give an explanation for the sharp slowdown: in step with Barclays analyst Jason Goldberg it is feasible that agencies have shifted from the mortgage to the bond marketplace, and are promoting more bonds to lock in cheap financing earlier than charges rise, even as no longer encumbering belongings with issuing unsecured debt. To be sure, company debt issuance in January soared by 43% from a 12 months in advance, however the range may be misleading because it comes from a low base within the yr-in advance duration, whilst global markets have been in turmoil. The different, more troubling rationalization is that either political uncertainty is causing businesses and banks to cast off huge decisions until the outlook for alternate and tax coverage is clearer, or that patron call for for loans has plunged, forcing a sharp slowing in mortgage call for, as the underlying economic system suffering a steep slowdown perhaps at the lower back of surging hobby charges. The lending slowdown began showing up surely just before the election closing year, which also coincided with the pointy leap in interest quotes. If it's miles uncertainty, and have to it persist, warning at the part of creditors and borrowers should emerge as a developing drag at the financial system. Alternatively, if the slowdown is fee-established, any future Fed fee hikes will handiest in addition pressure mortgage growth: 3M Libor has endured its relentless rise better, and with every passing day makes new e Subscribe & More Videos: https://goo.gl/K4yzcZ Thank for watching, Please Like Share And SUBSCRIBE!!! #mortgageintroductioncrashing, #industrialandindustrialloans
https://wn.com/⚠️_𝐁𝐚𝐧𝐤_𝐋𝐨𝐚𝐧_𝐂𝐫𝐞𝐚𝐭𝐢𝐨𝐧_𝐂𝐫𝐚𝐬𝐡𝐞𝐬_𝐌𝐨𝐬𝐭_𝐒𝐢𝐧𝐜𝐞_𝐓𝐡𝐞_𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥_𝐂𝐫𝐢𝐬𝐢𝐬_𝐋𝐢𝐛𝐨𝐫_𝐑𝐚𝐭𝐞_𝐒𝐩𝐢𝐤𝐞𝐬_𝐓𝐨_𝟖𝐘𝐫_𝐇𝐢𝐠𝐡_⚠️
Euribor manipulation report

Euribor manipulation report

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  • Duration: 0:31
  • Updated: 11 Dec 2012
  • views: 666
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http://www.euronews.com/ There have been more developments in the interest rate manipulation scandal. The Wall Street Journal reports the European Union is set to accuse several banks of attempting to rig the setting of the Euribor lending rate. Barclays has already admitted that. Others under investigation reportedly include France's Credit Agricole and Societe Generale, Britain's HSBC and Germany's Deutsche Bank. Euribor, the euro interbank offered rate, and Libor, the London interbank offered rate, are the key gauges of how much banks pay to borrow from peers, and underpin swathes of financial products from Spanish mortgages to derivatives contracts sealed in London. Both are set using interbank borrowing rates submitted by banks. At the same time Britain's Serious Fraud Office has arrested three British men over alleged manipulation of the London interbank lending rates. The SFO said on Tuesday three British men, aged 33, 41 and 47, had been taken to a London police station for interviews. They had all been living in Britain. Sources had said that regulators and prosecutors in the US and Europe were closing in on individual traders they suspected of colluding to rig key benchmark lending rates such as Libor and its euro cousin Euribor. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
https://wn.com/Euribor_Manipulation_Report
Rate rise is not wise - Trade.com

Rate rise is not wise - Trade.com

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  • Duration: 16:33
  • Updated: 19 Oct 2017
  • views: 78
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Focusing in on Central Banks  The November 2nd MPC meeting and Rate Rise decision fast approaches. It is looking likely that the Bank of England will raise rates. After disappointing retails sales this morning we take a look at the economy of the United Kingdom as a whole. Current rate rise projections however are not linked with recent economic data, but are more linked to Mark Carney and his speeches. With the target rate at 2% Mark Carney said that the difficulty in the MPC mandate is not just in reaching the target rate but avoiding being detrimental to economic growth and employment in the lead up. The BoE have in recent meetings come across as more forceful in their suggestions of when they will move rates. Traders are however asking the question: "What is the point of one and done? Will it bring inflation down? Will it support Sterling?" Bill Hubard, Chief Economist for TRADE.com and Marc Ostwald, Strategist for ADMISI then move their eye to yesterdays employment numbers of 317,000. Of which more than 70% were females. Suggesting that women either want to go to work, or lower wages mean the joint incomes are lower, which is a worrying sign for the UK economy. However this is more of a concern at a street level but not such a large concern for Central Banks. The Federal Reserve Tomorrow we see the release of the Fed's Beige Book. For the first time in a long time, all 12 districts were leaning from modest to moderate. The 3 districts that were on the moderate end of the scale, Richmond, Dallas, Atalanta were all affected by the recent spate of hurricanes. Looking at the situation in the United States, you can see that there is a severe job shortage in construction, transportation. Job creation has been in low skilled jobs. Perhaps the economy has reached a point where they have tipped the scales. Underestimating how much wages and inflation will go up. Rate Rise Conclusions The market is assuming inflation will undershoot central Bank targets for a long period of time. LIBOR (unsecured lending) and OIS (secured lending) spreads tell us that there is a premium for secured lending. Because of Brexit uncertainty, BoE uncertainty, people are trying to secure current rates not knowing where they might be in the future. This suggests that the Banks themselves don't know what will happen if rates change as they seem to prefer to lend money with collateral rather than using unsecured. Both Bill and Marc agreed that the Bank of England shouldn't move on November 2nd, but it unfortunately looks like they will. Core Finance is part of Core London, a TV production company based in Belgravia, London. Core Finance aims to provide its viewers with insightful market commentary, helping investors navigate global financial markets. Making the content provided invaluable to viewers. Our shows are closely followed by fund managers, day traders, retail investors, company CEO's, experienced investors and those new to the financial markets. Core Finance covers all asset classes ranging from currencies (forex), equities, bonds, commodities, crypto-currencies, ETF's, futures and options. Views expressed are solely those of guests and presenters and do not constitute investment advice and are not the views of Core Finance or Core London. See More At: www.corelondon.tv Twitter: @CoreLondonTV Facebook: CoreLondonTV
https://wn.com/Rate_Rise_Is_Not_Wise_Trade.Com
Libor-Fixing scandal: Students warned of rigging years ago

Libor-Fixing scandal: Students warned of rigging years ago

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  • Duration: 1:45
  • Updated: 16 Oct 2012
  • views: 3717
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The extent of damage done by the banks involved in the Libor rigging scandal is estimated by the trillions of dollars, but there were plenty of chances to expose the scheme years before news of it shocked the world in June. In April 2010, University of Minnesota graduate students Connan Snider and Thomas Youle released a paper suggesting that leading global banks were manipulating the Libor—the world's most important lending rate—to benefit their own trading positions. And it was only last week that they said their attempts to have the research published in academic finance journals were rejected. RT's Kristine Frazao has more. Like us and/or follow us: http://twitter.com/RT_America http://www.facebook.com/RTAmerica
https://wn.com/Libor_Fixing_Scandal_Students_Warned_Of_Rigging_Years_Ago
Libor Scandal  - The Crime of The Century?

Libor Scandal - The Crime of The Century?

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  • Duration: 4:18
  • Updated: 17 Jul 2012
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Libor Scandal - The biggest banking scandal in history is being ignored by the main stream media and it makes what Bernie Madoff did, pale in comparison. It is known as the London Inter Bankling Offer Rate or LIBOR scandal and the main stream media for all intents and purposes is ignoring it. What exactly is the LIBOR scandal and why does it matter? The LIBOR is the average interest rate that the largest banks in the world pay to borrow money. This rate is used when pricing hundreds of trillions, yes, that is trillions of dollars worth of loans including large corporate debt all the way to student loans. And because this rate is used directly to price high yield debt to the biggest borrowers, it affects most other interest rates in the world. Just to give you an idea of the magnitude of what we're talking about here, the LIBOR affects 10 different currencies and just in the United States there are 18 banks on the panel that determines the rate. The scandal of the LIBOR is that one of the largest banks in the world, Barclays, has admitted that it falsified its data so that its borrowing rates would be kept low benefiting the company's bottom line and financial trades. It gets worse. Barclays claims that the reason it submitted false data was because it had reason to believe competitor banks were doing the same thing. So, it sounds like many banks are involved What the data is supposed to do is to reflect the borrowing costs of the world's major banks. Because this data is then used to price a lending rate for short term interest rates all over the world it needs to be accurate. Thus it could mean interest rates all over the world, spanning 10 currencies, have been manipulated so the major banks could make more money than what a truer picture of their financial health would have allowed. Because these interest rates have been manipulated, this then obviously affects the real economy all over the world. The real impact of this scandal was summed up by Tony Greenham of the New Economics Foundation to Euronews when he said: "[LIBOR] drives the interest rates paid by hundreds of millions of people on their own mortgages, small businesses on their loans, student loans, insurance products. It affects a hugely overse range of financial transactions globally, not just in the UK" And yes, it gets even deeper because the New York Fed was told of this rate rigging scheme as far back as 2007, BEFORE the 2008 recession and near global financial meltdown. Time has even called this the financial crime of the century. We are just beginning to see the tip of the proverbial iceberg with this scandal as 15 more banks worldwide are under investigation. As a result of this interest rate manipulation, we could see huge class action lawsuits, criminal charges, and regulatory complaints and fines. But worst of all, this could do irreparable harm to the trust in the worldwide financial system at a time when many are already tired of big bankers and Wall Street fat cats. If this all seems hard to follow, check out the links below for more information: LIBOR definition: http://bostinno.com/2012/07/16/what-is-libor-definition/ Where is the press on this? http://www.theblaze.com/stories/where-is-the-press-with-the-outrage-this-major-financial-scandal-has-santelli-up-in-arms/ NY Fed Told of Rate Rigging in 2007 http://hosted.ap.org/dynamic/stories/U/US_INTEREST_RATES_NEW_YORK_FED_SUMMARY_BOX?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT Time Article: http://business.time.com/2012/07/09/libor-scandal-the-crime-of-the-century/ http://youtu.be/42QJDDQxWkk
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What Is The Meaning Of Libor?

What Is The Meaning Of Libor?

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  • Duration: 0:46
  • Updated: 05 Dec 2017
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Meaning, pronunciation, translations and examples libor is a benchmark rate published at 11 00 gmt each day by the british bankers that, i mean that banks like to put up front they will lend x ('yes, come in! our balance sheet healthy we're open for business even ice (formerly known as bba libor) produced five every calculated using trimmed arithmetic meaning, definition, what abbreviation london inter bank offered interest which uk. Asp url? Q webcache. In practice, libor acts as a benchmark interest rate which libor, the london inter bank lending rate, is considered to be one of most important rates in finance, upon trillions financial contracts rest money term you need understand. This rate is john kiff the london interbank used widely as a benchmark but has come under fire definition of libor rates interest charged to short term international loans. Here's what it means libor is an average of inter bank deposit rates offered by members the british bankers association (bba). The interest rate that the banks charge each other for loans (usually in eurodollars). London interbank offered rate (libor) investopedialibor definition, calculation, 2012 scandal, phaseout the balance. What is the meaning of libor? Youtubedefinition libor in english by oxford dictionaries. Libor meaning in the cambridge english dictionary. Learn more 21 jul 2017. Because of its basis on supply and demand, libor definition london inter bank offer rate the standard interest for loans between financial. Googleusercontent search. Libor what is it and why does matter? Bbc news bbc london interbank offered rate (libor) definition & example libor meaning (london rate) how one ice. What are libor rates? Definition and meaning businessdictionary definition what is the libor? Deposits. It stands for intercontinentalexchange london interbank offered rate and serves as the first step to calculating interest rates on various loans throughout world libor is defined at which an individual contributor panel bank could borrow funds, were it do so by asking then benchmark that banks charge each other overnight, one month, three six month year. Definition of libor london interbank offered rate, the basic rate interest used in lending between banks on market and also us. It's the benchmark for bank rates all over world. Back to basics what is libor? Finance & development imf. What is libor? Meaning of libor as a finance term definition london inter bank offer rate. Libor) investopedia. This interest rate is applied to large loans ranging from one day libor meaning in deposit terminology, the term refers london interbank offered. It acts as definition of libor in the financial dictionary by free online english and encyclopedia. The interest rate at which banks offer to lend funds (wholesale money) one another in the definition libor, acronym for london interbank rate, is global reference unsecured short term borrowing market. Libor stands for london interbank offered rate. Libor is an acrony
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Libor-style scandal brewing with gas prices

Libor-style scandal brewing with gas prices

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  • Duration: 9:28
  • Updated: 13 Nov 2012
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Remember the Libor scandal where the banks rigged the bank lending rate? There may be a similar one brewing as energy companies are accused of rigging the wholesale price of gas. .
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