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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (54194)	7/28/2014 8:38:31 AM
From: E_K_S	Respond to of 78652

OT - Then you have the bank "Libor" rate conspiracy. Lloyds Banking Group confirms Libor-rigging settlement is close Bailed-out bank says it is in late-stage talks over final amount of fine to be paid to Financial Conduct Authority and US regulators Lloyds, which is 24% owned by the taxpayer, is poised to become the seventh institution to reach a settlement over the rigging of the benchmark interest rate. Barclays was the first to be fined by regulators on both sides of the Atlantic in June 2012, paying out £290m. It was followed by settlements with the Swiss bank UBS, bailed-out Royal Bank of Scotland, Dutch bank Rabobank, and two money brokers, Icap and RP Martin. I wonder what U.S. banks will need to settle on this? That's why the smaller banks are safer to look at as you stated. Their stated BV figures should be more accurate than the larger banks too. EKS