HSBC Investigated, UK Libor Traders Nearing Arrest: Financial Business Review

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

HM Revenue & Customs of the United Kingdom has set up an inquiry into HSBC Holdings (NYSE:HBC). The Daily Telegraph reports that the bureau is looking at the company’s offshore accounts in island of Jersey, held by thousands of British and by other citizens.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

It is thought that United Kingdom authorities will soon begin arrests of former traders at Barclays (NYSE:BCS), The Royal Bank of Scotland (NYSE:RBS), and UBS (NYSE:UBS) linked to the Libor issue, according to an inside source. However, arrests do not necessarily indicate that charges will be filed, but rather enable prosecutors to more closely question those persons involved.

Don’t Miss: Libor Scandal Heats Up: Will the UK’s Probe Lead to Arrests at RBS, Barclays, and UBS?


More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business