• 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
  • ⚠️ 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 http://www.zerohedge.com/news/2017-03-19/bank-loan-creation-crashes-fastest-pace-financial-crisis Bank Lending Signals Caution https://www.wsj.com/articles/bank-lending-signals-caution-1488131391 https://www.federalreserve.gov/releases/h8/Current/ Libor Spikes Most In 15 Months To 8 Year Highs http://www.zerohedge.com/news/2017-03-01/libor-spikes-most-15-months-8-year-highs Last weekend, after looking at the latest H.8 statement by the Fed, we noted something concerning: total loans and leases by U.S. commercial banks were rising at an annual pace of about 4.6%, based on weekly Fed data. That is down from a 6.4% pace for all of last year and peak rates of around 8% in mid-2016. This is the slowest pace of debt creati...

    published: 19 Mar 2017
  • Inter Bank Offer Rates, Lecture 018, Securities Investment 101, Video00021

    In this lecture we discuss what inter-bank offer rates are, where they originated, and how they are typically calculated on a daily business-day basis. Although providing a 'generic' description of how they work, and mentioning several of the major international alternatives, we also provide information on one of the major inter-bank offer rates (as of 2013), which is LIBOR, the London Inter-Bank Offer Rate. Previous lecture: http://www.youtube.com/watch?v=BW4J2HAd4VI Next lecture: http://www.youtube.com/watch?v=u_iGRKTnUfs For financial education from London to Singapore and beyond, please contact MithrilMoney via the following website: http://mithrilmoney.com/ This MithrilMoney lecture was delivered by Andy Duncan, CQF. Please read our disclaimer: http://mithrilmoney.com/disclaime...

    published: 30 Jun 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
  • 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 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
  • Libor investigation grows

    http://www.euronews.com/ US prosecutors have more banks in their sights over the Libor international interest rate fixing scandal. Reportedly JPMorgan Chase, Deutsche Bank, Royal Bank of Scotland and HSBC Holdings are among those ordered to hand over information as part of a joint investigation by the attorneys general of New York and Connecticut. Looking for evidence of collusion they want records of communications between the banks. UBS and Citigroup were reportedly earlier asked for similar data. Barclays is also part of the probe. In June it was fined the equivalent of 366 million euros by British and US authorities for manipulating the rate. If there are criminal prosecutions that would help investors claiming damages for losses through civil lawsuits. Libor - the London int...

    published: 16 Aug 2012
  • Episode 112 - Lies, damn lies and Libor rates

    Dr Nick Motson on the bank lending rate probe

    published: 01 Mar 2012
  • 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
  • Interest Rate Swap Explained

    An animated explanation of how an Interest Rate Swap works. Go to www.xponodigital.com to find out how you could get your financial products visualised.

    published: 25 Jun 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
  • Fraud squad to probe Libor manipulation

    http://www.euronews.com/ The British government has called in the fraud squad to investigate possible crimes and will tighten laws over attempts to manipulate interbank lending rates. That scandal has engulfed Barclays - which will pay 364 million euros to settle allegations - and is set to spread to other banks. Barclays chief executive Bob Diamond acknowledged that the settlement would damage customer trust in the bank. British Prime Minister David Cameron said: "This is a scandal, it's extremely serious. They've paid a very large fine and quite rightly but frankly the Barclays management team have some big questions to answer. Who was responsible? Who was going to take responsibility? How are they being held accountable?" Nicholas Dunbar, author of 'The Devil's Derivatives' said th...

    published: 28 Jun 2012
  • Why do regulators want a Libor alternative?

    June 20 (Reuters) - A bank committee on Thursday will vote on an alternative U.S. interest rate to Libor to use a reference in trillions of rate derivatives. The two rates under proposal are the Overnight Bank Funding Rate and a rate based on overnight lending in the U.S. Treasury collateral-based repurchase agreement market. The following are some facts about why an alternative rate is being created: What is Libor? The London Interbank Offered Rate (Libor) began in the 1970s in London as the rate that U.S. banks would lend to each other, and was used as a reference rate for corporate bank loans. In the 1980s the rate began being published as an average rate of a group of banks. The growth of interest rate derivatives since the 1980s made it easier to hedge Libor-based loans, helping spre

    published: 20 Jun 2017
  • Bank of Cardiff News - Former Barclays bankers jailed for Libor fraud

    http://www.bankofcardiff.com/news/former-barclays-bankers-jailed-for-libor-fraud/ Four ex-Barclays traders have been jailed after being found guilty of conspiring to fraudulently rig Libor rates a decade ago. Welcome to our latest Bank of Cardiff review. Customer reviews show Bank of Cardiff is the leading equipment finance & working capital bank in America. These days, customers are as likely to take to social media as they are to confront the seller with a complaint, so how should businesses manage complaints – and are review sites a trustworthy source of information for consumers? Bank of Cardiff is the nation's premier small-business direct lender. Bank of Cardiff - www.bankofcardiff.com offers direct funding to small business owners, making working capital loans, small business ...

    published: 20 Jul 2016
  • 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
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: 100076
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: 893
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)
⚠️ 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 ⚠️

  • Order:
  • Duration: 6:17
  • Updated: 19 Mar 2017
  • views: 266
videos
Bank Loan Creation Crashes At Fastest Pace Since The Financial Crisis http://www.zerohedge.com/news/2017-03-19/bank-loan-creation-crashes-fastest-pace-financial-crisis Bank Lending Signals Caution https://www.wsj.com/articles/bank-lending-signals-caution-1488131391 https://www.federalreserve.gov/releases/h8/Current/ Libor Spikes Most In 15 Months To 8 Year Highs http://www.zerohedge.com/news/2017-03-01/libor-spikes-most-15-months-8-year-highs Last weekend, after looking at the latest H.8 statement by the Fed, we noted something concerning: total loans and leases by U.S. commercial banks were rising at an annual pace of about 4.6%, based on weekly Fed data. That is down from a 6.4% pace for all of last year and peak rates of around 8% in mid-2016. This is the slowest pace of debt creation since the spring of 2014. This deceleration has prompted numerous questions about the sustainability of the recovery, and led the WSJ to noted that the slowdown, "is at odds with the idea of a stronger economy and rising sentiment." But the slowdown was especially acute in the all important for growth Commercial and Industrial loan category, which after growing at a pace of 10% in the first half of 2016, had unexpectedly slowed to just 4.0%, nearly 50% lower than the 7% growth notched at the start of the year. This was the lowest pace of loan growth since July of 2011. Fast forward one week, when after the latest update to the Fed's latest weekly commercial bank loan data, we find that the trends have deteriorated substantially. As shown in the chart below, after growing 4.6% one week ago, total loans and leases grew only 4.2% in the week ended March 8: the lowest growth rate since May 2014. However, it was once again the Commercial and Industrial loans creation - or lack thereof - which was more problematic, because after growing 4.0% on a year over year basis as of March 1, and 5.7% one month ago as of February 8, the growth rate has since tumbled to just 2.9%, a 1.1% decline in the growth rate over the past week. As shown in the chart below, on a cumulative 4-week basis the slowdown in C&I loan creation tumbled by 2.8% as of the latest period: this was the biggest monthly slowdown going back to the financial crisis. There has been no definitive explanation for this sudden phenomenon, prompting the WSJ to inquire "who hit the brakes?" which is ironic because just as troubling as the big drop in C&I loans is the relentless grind lower in auto loans, which are likewise growing at a pace of just 4.9% Y/Y, or half what it was as recently as last September, when Ford ominously warned that the US auto market had plateaued. As we noted last week, two potential ideas have been put forth to explain the sharp slowdown: according to Barclays analyst Jason Goldberg it is possible that companies have shifted from the loan to the bond market, and are selling more bonds to lock in cheap financing before rates rise, while not encumbering assets with issuing unsecured debt. To be sure, corporate debt issuance in January soared by 43% from a year earlier, however the number may be misleading as it comes from a low base in the year-earlier period, when global markets were in turmoil. The other, more troubling explanation is that either political uncertainty is causing companies and banks to put off big decisions until the outlook for trade and tax policy is clearer, or that consumer demand for loans has plunged, forcing a sharp slowing in loan demand, as the underlying economy suffering a steep slowdown perhaps on the back of surging interest rates. The lending slowdown began showing up clearly just before the election last year, which also coincided with the sharp jump in interest rates. If it is uncertainty, and should it persist, caution on the part of lenders and borrowers could become a growing drag on the economy. Alternatively, if the slowdown is rate-dependent, any future Fed rate hikes will only further pressure loan growth: 3M Libor has continued its relentless rise higher, and with every passing day makes new 8 year highs. Finally, to revise our forecast from last week, when we said "C&I loan growth may turn negative Y/Y within a few months" it now appears the inflection point can hit within the next few weeks, and since historically US economic growth has been a function of easy bank credit, should the recent drop not be arrested, the Fed may have no choice but to reverse its tightening course in the very near future. ✔️ PLEASE LIKE, COMMENT, SHARE & SUBSCRIBE ✔️ SUBSCRIBE TO EMAIL NEWSLETTER: http://eepurl.com/b9Uh2X ✔️ SUBSCRIBE ON MINDS.COM: https://minds.com/newsupdate ✔️SUPPORT ME @ PATREON: https://patreon.com/worldnews ✔️ LIKE ON FB: http://fb.com/etimenews ✔️ SUBSCRIBE YOUTUBE: https://youtube.com/channel/UCfpGXdit6pfo1y0eebM6CAQ
https://wn.com/⚠️_Bank_Loan_Creation_Crashes_Most_Since_The_Financial_Crisis_Libor_Rate_Spikes_To_8Yr_High_⚠️
Inter Bank Offer Rates, Lecture 018, Securities Investment 101, Video00021

Inter Bank Offer Rates, Lecture 018, Securities Investment 101, Video00021

  • Order:
  • Duration: 11:22
  • Updated: 30 Jun 2013
  • views: 2631
videos
In this lecture we discuss what inter-bank offer rates are, where they originated, and how they are typically calculated on a daily business-day basis. Although providing a 'generic' description of how they work, and mentioning several of the major international alternatives, we also provide information on one of the major inter-bank offer rates (as of 2013), which is LIBOR, the London Inter-Bank Offer Rate. Previous lecture: http://www.youtube.com/watch?v=BW4J2HAd4VI Next lecture: http://www.youtube.com/watch?v=u_iGRKTnUfs For financial education from London to Singapore and beyond, please contact MithrilMoney via the following website: http://mithrilmoney.com/ This MithrilMoney lecture was delivered by Andy Duncan, CQF. Please read our disclaimer: http://mithrilmoney.com/disclaimer/
https://wn.com/Inter_Bank_Offer_Rates,_Lecture_018,_Securities_Investment_101,_Video00021
LIBOR Explained

LIBOR Explained

  • Order:
  • Duration: 3:25
  • Updated: 12 Jul 2012
  • views: 5217
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
RBS fined over Libor

RBS fined over Libor

  • Order:
  • Duration: 3:43
  • Updated: 06 Feb 2013
  • views: 2584
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 scandal probes spread

Libor scandal probes spread

  • Order:
  • Duration: 0:31
  • Updated: 06 Jul 2012
  • views: 1216
videos
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
Libor investigation grows

Libor investigation grows

  • Order:
  • Duration: 0:46
  • Updated: 16 Aug 2012
  • views: 342
videos
http://www.euronews.com/ US prosecutors have more banks in their sights over the Libor international interest rate fixing scandal. Reportedly JPMorgan Chase, Deutsche Bank, Royal Bank of Scotland and HSBC Holdings are among those ordered to hand over information as part of a joint investigation by the attorneys general of New York and Connecticut. Looking for evidence of collusion they want records of communications between the banks. UBS and Citigroup were reportedly earlier asked for similar data. Barclays is also part of the probe. In June it was fined the equivalent of 366 million euros by British and US authorities for manipulating the rate. If there are criminal prosecutions that would help investors claiming damages for losses through civil lawsuits. Libor - the London interbank offered rate - is compiled from estimates by banks of how much they believe they have to pay to borrow from each other. It influences rates on many lending transactions, including mortgages, student loans and credit cards. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
https://wn.com/Libor_Investigation_Grows
Episode 112 - Lies, damn lies and Libor rates

Episode 112 - Lies, damn lies and Libor rates

  • Order:
  • Duration: 4:24
  • Updated: 01 Mar 2012
  • views: 1494
videos
Dr Nick Motson on the bank lending rate probe
https://wn.com/Episode_112_Lies,_Damn_Lies_And_Libor_Rates
The Emerging LIBOR Scandal

The Emerging LIBOR Scandal

  • Order:
  • Duration: 10:44
  • Updated: 06 Jul 2012
  • views: 16747
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
Interest Rate Swap Explained

Interest Rate Swap Explained

  • Order:
  • Duration: 3:38
  • Updated: 25 Jun 2012
  • views: 164758
videos
An animated explanation of how an Interest Rate Swap works. Go to www.xponodigital.com to find out how you could get your financial products visualised.
https://wn.com/Interest_Rate_Swap_Explained
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

  • Order:
  • Duration: 3:52
  • Updated: 10 Jan 2013
  • views: 363
videos
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
Fraud squad to probe Libor manipulation

Fraud squad to probe Libor manipulation

  • Order:
  • Duration: 1:11
  • Updated: 28 Jun 2012
  • views: 1033
videos
http://www.euronews.com/ The British government has called in the fraud squad to investigate possible crimes and will tighten laws over attempts to manipulate interbank lending rates. That scandal has engulfed Barclays - which will pay 364 million euros to settle allegations - and is set to spread to other banks. Barclays chief executive Bob Diamond acknowledged that the settlement would damage customer trust in the bank. British Prime Minister David Cameron said: "This is a scandal, it's extremely serious. They've paid a very large fine and quite rightly but frankly the Barclays management team have some big questions to answer. Who was responsible? Who was going to take responsibility? How are they being held accountable?" Nicholas Dunbar, author of 'The Devil's Derivatives' said the manipulation of the London interbank rate - known as Libor - reveals problems with the system: ''The people in the casino, the derivatives traders with their trillions of bets, are influencing this rate, which is supposed to be old fashioned interbank lending, and it has been completely contaminated by these traders, and you see these emails quoted in the Financial Services Authority report saying 'There's a bottle of Bollinger for doing this for me'." Barclays is the first bank to settle, but the British regulator the FSA and its US counterpart are investigating others including Citigroup, HSBC, Royal Bank of Scotland and UBS. The Libor rate, compiled from rates that banks pay each other for loans, is used throughout the financial system to set loan rates around the world. The investigation - which disclosed e-mails in which bankers appeared to promised bottles of champagne to thank each other for help in setting the rates - has added to a storm of anger against the financial industry. "Done ... for you big boy," read one message sent by a Barclays banker to one of the lender's traders, who had asked him to fix a key lending rate artificially low. In another message, after Barclays submitted a rate that was lower than the previous day's, an external trader says: "Dude, I owe you big time! Come over one day after work and I'm opening a bottle of Bollinger." British Finance Minister George Osborne said the e-mail exchanges "read like an epitaph to an age of irresponsibility". Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
https://wn.com/Fraud_Squad_To_Probe_Libor_Manipulation
Why do regulators want a Libor alternative?

Why do regulators want a Libor alternative?

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  • Duration: 2:09
  • Updated: 20 Jun 2017
  • views: 2
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June 20 (Reuters) - A bank committee on Thursday will vote on an alternative U.S. interest rate to Libor to use a reference in trillions of rate derivatives. The two rates under proposal are the Overnight Bank Funding Rate and a rate based on overnight lending in the U.S. Treasury collateral-based repurchase agreement market. The following are some facts about why an alternative rate is being created: What is Libor? The London Interbank Offered Rate (Libor) began in the 1970s in London as the rate that U.S. banks would lend to each other, and was used as a reference rate for corporate bank loans. In the 1980s the rate began being published as an average rate of a group of banks. The growth of interest rate derivatives since the 1980s made it easier to hedge Libor-based loans, helping spre
https://wn.com/Why_Do_Regulators_Want_A_Libor_Alternative
Bank of Cardiff News - Former Barclays bankers jailed for Libor fraud

Bank of Cardiff News - Former Barclays bankers jailed for Libor fraud

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  • Duration: 3:52
  • Updated: 20 Jul 2016
  • views: 11
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http://www.bankofcardiff.com/news/former-barclays-bankers-jailed-for-libor-fraud/ Four ex-Barclays traders have been jailed after being found guilty of conspiring to fraudulently rig Libor rates a decade ago. Welcome to our latest Bank of Cardiff review. Customer reviews show Bank of Cardiff is the leading equipment finance & working capital bank in America. These days, customers are as likely to take to social media as they are to confront the seller with a complaint, so how should businesses manage complaints – and are review sites a trustworthy source of information for consumers? Bank of Cardiff is the nation's premier small-business direct lender. Bank of Cardiff - www.bankofcardiff.com offers direct funding to small business owners, making working capital loans, small business lines of credit, equipment financing & equipment leasing to all 50 states. http://www.bankofcardiff.com/products/small-business-working-capital-loans/ Unsure about whether your business will be approved? Bad credit? Bad business credit? Startup business? Worry not, Bank of Cardiff offers loans and leasing to all credit types. Watch this video and learn why a Bank of Cardiff Working Capital Loan is right for your business: http://youtu.be/u8ZQGpsiajA Most applications can be approved in minutes, not days or even hours. Did you know that 9 out of 10 applications for loans or leases are approved within an hour! That's a 90% loan approval rate!! Lowest Rate Business Loan, Lowest Rate Working Capital Business Loan, Lowest Rate Equipment Financing, Lowest Rate Equipment Leasing all available through Bank of Cardiff Small Business Lending Not a Small-Business? No problem. Bank of Cardiff offers Middle Market firms and other large companies financing as well: http://www.bankofcardiff.com/products/large-business-working-capital-loans/ Bank of Cardiff Reviews and Bank of Cardiff Testimonials: We have an A+ with the BBB, 5 stars with Yelp, and 5 stars on Google+ Apply and get approved for a low rate Bank of Cardiff business loan in minutes: http://www.bankofcardiff.com/apply/working-capital/ Facebook: https://www.facebook.com/bankofcardiff Twitter: https://twitter.com/BankofCardiff LinkedIn: https://www.linkedin.com/company/bank-of-cardiff Blog: http://www.bankofcardiff.com/blog/ Google+: https://plus.google.com/+Bankofcardiff/posts YouTube channel: https://www.youtube.com/user/bankofcardiff Call Bank of Cardiff today to apply 1-855-234-0166
https://wn.com/Bank_Of_Cardiff_News_Former_Barclays_Bankers_Jailed_For_Libor_Fraud
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
  • views: 1666
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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
https://wn.com/Libor_Scandal_The_Crime_Of_The_Century
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