Monday, April 10, 2017

BBC Uncovers Secret Bank of England Recording

A secret recording that implicates the Bank of England in Libor rigging has been uncovered by BBC Panorama

The 2008 recording adds to evidence the central bank repeatedly pressured commercial banks during the financial crisis to push their Libor rates down.

Libor is the rate at which banks lend to each other, setting a benchmark for mortgages and loans for ordinary customers. more

Panorama: The Big Bank Fix will be broadcast on BBC One on Monday 10 April at 20.30.