Libor Arrests Coming

Simon Dawson/Bloomberg The Royal Bank of Scotland Group Plc (RBS) headquarters in London. U.K. prosecutors are poised to arrest former traders and rate setters at UBS AG (UBSN),Royal Bank of Scotland Group Plc (RBS) and Barclays Plc within a month for questioning…


And Now, The Consequences

It’s anecdotal thus far, but I don’t believe it will remain that way for long. I am getting repeated reports of large layoff actions, both pending and immediate.  Some of these appear to be focused on the impact of Obamacare, some are…