Bowles: Break up banks that manipulate rates

Tolley, Steve
July 2012
Fundweb;7/26/2012, p8
Trade Publication
The article focuses on the statement of Sharon Bowles, chair of the European parliament's economic and monetary affairs committee, that those banks which manipulate interest rates should be broken up rather than fined. Bowles states that a change on the culture of banking is needed to prevent such activities of the banks. She adds that the punishment for the banks might be through the separation of retail and investment banking.


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