Benchmark-manipulation investigation expands worldwide

06/16/2013 | Bloomberg · Wall Street Journal, The

Authorities in Singapore have censured 20 banks, accusing them of trying to manipulate interest rates. Issues related to manipulation of benchmarks appear increasingly widespread. "Banks and their regulators have to cap bank risk-taking behavior before meaningful change can occur," said Mark Williams, a finance professor at Boston University. "This is a global problem and not isolated to a few big banks."

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Bloomberg · Wall Street Journal, The

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