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"We know that we're not posting, um, an honest" rate, a Barclays employee told a New York Fed official.
Lawyers for Allen and Conti argued that while others at the bank may have been trying to rig Libor, their clients had submitted honest rate estimates.
"We know that we're not posting um, an honest" rate, a Barclays employee told a New York Fed official in April 2008, according to transcripts.
At the time, a Barclays employee told a New York Fed official that "we know that we're not posting um, an honest" rate.
"We know that we're not posting um, an honest" rate, a Barclays employee told a New York Fed official at the time.
At the time, a Barclays employee told a New York Fed official that "we know that we're not posting um, an honest" rate, according to documents released by the regulator on Friday.
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It also said that Barclays told regulators it wanted to report "honest rates" and would if other banks did, too.
The documents, requested by a House subcommittee, indicate that, in April 2008, a Barclays employee told the New York Fed that Barclays was not reporting honest rates.
Here's the breakdown: CFTC: $325m £207mm) Financial Services Authority: £87.5m US Department of Justice $150m £95m1.12pm2pm GMT CFTC: public were deprived of honest benchmark rate The US Commodity Futures Trading Commission is highly critical of RBS in its announcement of the $325m fine which the bank must pay.
Be honest when rating your driver.
The public is deprived of an honest benchmark interest rate when a group of traders sits around a desk for years falsely spinning their bank's LIBOR submissions, trying to manufacture winning trades.
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