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Jailed Libor trader Tom Hayes appeals 14-year sentence, conviction
November 30, 2015 by publisher · Leave a Comment
Tom Hayes, the first trader convicted by a jury of manipulating Libor benchmark interest rates, on Tuesday begins a two-day, appeal against his conviction and a 14-year jail sentence, one of the toughest to date for white collar crime. The London case is being heard by Lord Chief Justice John Thomas — the head…
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Jailed Libor trader Tom Hayes appeals 14-year sentence, conviction
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Fed approves curb to future ‘too big to fail’ lending
November 30, 2015 by admin · Leave a Comment
The Federal Reserve Board on Monday approved a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank's controversial decision to aid AIG , Citigroup and others in 2008. The rule, unanimously approved by the Fed's Washington-based board in an open meeting, requires that any future emergency lending be only “broad-based” to address larger financial market…
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Fed approves curb to future ‘too big to fail’ lending