Collaborating Authors

Gordon Brown: Rogue bankers should be jailed

BBC News

Dishonest bankers should face jail for taking risks with taxpayers' money, ex-prime minister Gordon Brown says. In his memoir, Mr Brown said failing to put fraudsters in prison would "give a green light" to the sort of behaviour that led to the financial crash. He also said "little has changed" since the crash, which came during his time in Number 10. The year 2009 "has proved to be the turning point at which history failed to turn", he said. Mr Brown was Labour prime minister during the worst financial crisis since the great depression of the 1930s, and in October 2008 his government unveiled a £400bn package aimed at rescuing the UK's banking system.

'They wanted to jail a banker - I was that banker'

BBC News

It was standard industry practice, according to the CCRC application for Mr Hayes, to select a rate within that accurate range best suited to the bank's commercial interests - based, for example, on the trades it had done. That was, according to him and the other defendants in rate-rigging trials, in line with a fiduciary duty they had as part of their jobs to do all they could to maximise revenues and minimise losses for their banks.

Bankers rate 'rigging' not criminal, says US

BBC News

The only Libor'rigging' that was really bad was the lowballing. That was ordered from the top - from central banks and governments. And neither the Department of Justice nor the Serious Fraud Office has ever brought that to trial.

Banker Survey: Farmland Prices Expected to Drop in 10 States

U.S. News

The latest Rural Mainstreet survey shows that on average, bank CEOs in the region estimated farmland prices declined by 4 percent over the past 12 months. They expect farmland prices to fall by another 3.2 percent over the next 12 months.

Romania's Top Banker for Past 28 Years Says He's Had Enough

U.S. News

Romania's central bank governor says he will not be seeking another term after almost three decades in the post.