36 UBS Bankers To Be Implicated In Liborgate, Criminal Charges To Be Filed
As the fallout of Liborgate escalates, the next big bank to be impacted in the fallout started by Barclays civil settlement “revelation” is set to be troubled UBS, already some 10,000 bankers lighter, where as many as three dozen bankers are reported by the implicated in the fixing of the rate that until 2009 was the most important for hundreds of trillions in variable rate fixed income products. Only instead of attacking the US or even European jurisdiction, where the next big settlement is set to hit is Japan: a country whose regulators as recently as half a year ago promised there were no major issues with Libor, or Tibor as it is locally known, rate fixings. And while this most recent development will have little material impact on UBS’ ongoing business model, the one difference from previous settlements is that it will likely include criminal charges lobbed against some of the 36 bankers.
From the FT: “UBS is close to finalising a deal with UK, US and Swiss authorities in which the bank will pay close to $1.5bn and its Japanese securities subsidiary will plead guilty to a US criminal offence. Terms of the guilty plea were still being negotiated, one person familiar with the matter said on Monday, adding that the bank will not lose its ability to conduct business in Japan. The pact between the bank and the US Commodity Futures Trading Commission, US Department of Justice, UK’s Financial Services Authority and UBS’s main Swiss supervisor Finma is expected to be announced on Wednesday, although last minute negotiations continue.”
Did I read this right? Banksters are getting arrested?!? Maybe there is some truth to the words of David Wilcock. Maybe there is a power struggle in the halls of globalist fascism, good vs evil. Bout time they started arresting the bad guys. ~Ophelia
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Whistler Blowers, Insiders
The bad guys run the system. This is just prosecutorial theatre and the ones truly responsible are directing the show.
about pucken time!
is it not just inconceivable how far they’ll actually go…. it really seems as though they’re intoxicated with all of their own deceit… that’s the nature of evil…….. sadly, but somehow ‘justly’… it seems as though it becomes completely impossible for anyone to escape the grip of this beast once one has allowed themselves to be ‘involved’…. i will PRAY that we BE BLESSED so as to FORGIVE them (no matter how low they eventually sink)…for they too are being manipulated… to an even greater degree than ‘we’….however, i really don’t think that they ‘perceive’ this reality…which leaves them ‘living/believing’ in a world that is only ‘imagined’… a ‘fairy-tale’ of sorts…how very disappointing this ‘is’ and ‘will be’ to them,….’if’ Ever ‘realized’