TITLE

Bowles: Break up banks that manipulate rates

AUTHOR(S)
Tolley, Steve
PUB. DATE
July 2012
SOURCE
Fundweb;7/26/2012, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
78317618

 

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