Interest rate ‘rigging’ evidence ‘covered up’ by banks
This evidence was not shown to juries where bankers were jailed for smaller-scale interest rate ‘rigging’. …
Backed up and supplemented by published data, the suppressed evidence indicates that in October 2008, central banks including the Bank of England, the Banque de France, the European Central Bank, Banca d’Italia, Banco de Espana and the Federal Reserve Bank of New York intervened on a large scale in the setting of Libor and Euribor.