Libor-Gate

[TahoeBlue]

LIBOR = The London InterBank Overnight Rate

Links to Libor Gate Articles:

LIBOR-gate: The Gobal Financial System is Rotten to the Core

Too Big to Fail Banks Are Stopping You From Getting 5% on Your Savings

[worcesteradam]

this is a big fuss over nothing

im waiting to see what solutions they offer up

[TahoeBlue]

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9426402/Libor-scandal-Barclays-remuneration-chief-Alison-Carnwath-resigns.html
Libor scandal: Barclays remuneration chief Alison Carnwath resigns

 Alison Carnwath, the head of Barclays' remuneration committee, has resigned from the bank's board after facing criticism from shareholders over executive bonuses.

Telegraph staff and agencies
1:34PM BST 25 Jul 2012
...
In May, the Wall Street Journal reported that Ms Carnwath argued against the award of the £2.7m bonus to Mr Diamond, but failed to persuade fellow board members, including chairman Marcus Agius, to back her view.
...
At the bank's annual general meeting in April, 21pc of shareholders voted against reappointing her to the board, and 27pc voted against her committee's pay awards.
 
Mr Diamond later resigned over Barclays' role in the rate rigging scandal that saw the bank fined a record £290m for manipulating the benchmark London interbank offered rate (libor).
 
Marcus Agius, Barclays Chairman, said today, “I would like to thank Alison for her contribution to Barclays since joining the Board in August 2010. We wish her well for the future.”


 http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9371729/Bob-Diamond-resigns-as-Barclays-chief.html
Bob Diamond resigns as Barclays chief

 Bob Diamond has resigned as chief executive of Barclays over the interest rate rigging scandal at the bank, with Marcus Agius taking control as chairman
...
Barclays was fined a record £290m last week for attempting to manipulate the interbank lending rate, Libor, between 2005 and 2009.
 
Marcus Agius, who announced his resignation on Monday in an attempt to conduct anger away from the bank and its chief, will remain as full-time chairman and lead the search for a new chief executive.


http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9427881/Libor-scandal-Barclays-executive-Jerry-del-Missier-given-8.75m-pay-off.html
Libor scandal: Barclays executive Jerry del Missier given £8.75m pay-off
By Alistair Osborne, and Jamie Dunkley
9:37PM BST 25 Jul 2012

Jerry del Missier, the former Barclays Bank executive at the centre of the interest-rate rigging scandal that cost the lender £290m, has walked away with a pay-off of almost £9m.

Mr del Missier, the bank’s former chief operating officer who resigned three weeks ago, is understood to have negotiated the deal with Barclays’ outgoing chairman Marcus Agius in the days before he quit. The pay-out looks certain to trigger another political storm over bankers’ pay.

Mr del Missier was one of Barclays’ highest-paid executives, receiving a salary and bonus package for 2011 worth £6.7m plus a further £10.8m from share awards from previous years

...

[TahoeBlue]

To understand this see:

http://www.scribd.com/doc/813216/E-C-Knuth-The-Empire-of-The-City
The Empire of "The City" (World Superstate) (published originally1945) -  E C Knuth



(The Jekyll/Hyde Nature of The British Government)

The Five Ideologies of Space and Power

1. "One World" Ideology
2. "Pan-Slavic" Ideology
3. "Asia for the Asiatics"
4. Pan-Germanism
5. Pan-American Isolationism

The 130 Years of Power Politics of the of the Modern Era  

http://www.womensgroup.org/catalog.htm
#B-7    The Empire of the City: The Jekyll/Hyde Nature of the British Government — E. C. Knuth

There are many people who think the “City of London” is a single entity. They are wrong.

Within London is The City, established in 1550 and its own little corporation, separate from the city, which is the capital of England. Within its borders lies the Bank of England, London Stock Exchange, and St. Paul’s Cathedral.

This book states that Wall Street is an extension of the Bank of England and that the world revolves around the British. A fine companion to Quigley’s The Anglo-American Establishment. This book is out of print.
Suggested gift amount: $11.00 U.S.

[TahoeBlue]

http://hot-gossip-celebrities.blogspot.com/2012/07/ceo-arrested-after-suicide-attempt.html
'We Know We're Not Posting An Honest Libor' - Friday, July 13, 2012

The New York Federal Reserve on Friday released documents showing it knew banks were manipulating a key interest rate more than four years ago.

The documents, which date back to 2007, show that the Fed was fully aware that banks were lying about their borrowing costs when setting Libor, and chose to take no action against them.


http://www.huffingtonpost.com/2012/07/13/geithner-libor_n_1671211.html
Geithner Libor Memo Expressed Concern Over Rate's 'Integrity' In 2008
The Huffington Post  |  By Alexander Eichler Posted: 07/13/2012

Nobody in their right mind would want to become part of the Libor rate-rigging scandal. But that's what's happening to Treasury Secretary Timothy Geithner.

In June 2008, Geithner, then the president of the Federal Reserve Bank of New York, sent a memo to British banking authorities in which he expressed concern over "the integrity and transparency" of the key interest rate, according to documents published by The New York Times and reported elsewhere. The Bank of England confirmed that Geithner offered the British central bank advice on Libor in 2008.
...
Geithner will appear before the Senate Banking Committee and the House Financial Services Committee later this month, where he's expected to answer questions about what he and other regulators knew about Libor in 2007 and 2008.

[TahoeBlue]

http://www.miamiherald.com/2012/07/17/2899957/bernanke-suggests-fraud-in-libor.html
Bernanke suggests fraud in Libor scandal

The Federal Reserve chairman tells the Senate Banking Committee that the key global benchmark interest rate known as Libor is flawed and should probably be replaced with something else.

By Kevin G. Hall
McClatchy News Service

WASHINGTON -- Federal Reserve Chairman Ben Bernanke told Congress on Tuesday that a key global benchmark interest rate remains “structurally flawed” and acknowledged as indefensible the spate of banking scandals that have become near-weekly occurrences in recent months.

 As Bernanke testified before the Senate Banking Committee, another committee was exposing how global bank HSBC Holdings allowed drug traffickers and money launderers access to the U.S. and global financial systems. The information, released by the Senate Permanent Subcommittee on Investigations, which earlier spotlighted much of the wrongdoing that led to the 2008 financial crisis, was the latest in a long string of recent reputational hits for key players in the financial sector.

These include massive trading losses by U.S. giant JPMorgan Chase, missing money associated with the collapse of investment bank MF Global and this month’s bankruptcy of the Peregrine Financial Group, which included a suicide note admitting years of embezzlement by founder Russell Wasendorf Sr., who’s now in jail after his suicide attempt failed
...
The Fed chief testified that he first learned of the interest-rate fixing around April 11, 2008.

Days later there were news reports that the British bank Barclays and perhaps other banks were manipulating the information they contributed to the collectively set rate.

Read more here: http://www.miamiherald.com/2012/07/17/2899957/bernanke-suggests-fraud-in-libor.html#storylink=cpy

Read more here: http://www.miamiherald.com/2012/07/17/2899957/bernanke-suggests-fraud-in-libor.html#storylink=cpy

[TahoeBlue]

Now that the fraud has been discovered - a new fraud must be conceived....

http://www.latimes.com/business/money/la-fi-mo-libor-british-reform-barclays-wheatley-20120730,0,5963525.story
British officials launch Libor review, say 'urgent reform' needed
By Jim Puzzanghera
July 30, 2012, 9:00 a.m.

WASHINGTON -- British officials on Monday announced the start of a formal review of Libor, the benchmark interest rate at the heart of the latest banking scandal, saying urgent reform was needed.

The review comes as regulators in the United States and the United Kingdom continued to investigate whether large banks rigged the London Interbank Offered Rate, which is used to set terms for many consumer and business loans.

Last month, British investment bank Barclays agreed to pay $450 million to settle allegations by U.S. and British officials that it manipulated the rate. Libor is overseen by the private British Bankers Assn., and set based on estimates of borrowing costs submitted by major banks for 10 different currencies.

"This benchmark rate is used globally for trillions of dollars worth of financial contracts. Therefore, it is clear that urgent reform of the Libor compilation process is required," said Martin Wheatley, managing director of Britain's bank regulatory agency, the Financial Services Authority, who will be conducting the review.
...


Federal Reserve Chairman Ben S. Bernanke this month called Libor "structurally flawed" and said he could not assure U.S. lawmakers that it was reliable. He said there might be a better, market-based index that could be used to set interest rates.

Bernanke and Treasury Secretary Timothy F. Geithner have been criticized by some Republicans for not doing more to address concerns that Libor was vulnerable to manipulation, something Fed officials learned in 2008.

Geithner, who was head of the Federal Reserve Bank of New York at the time, said he notified U.S. officials, including the heads of the Treasury Department, Securities and Exchange Commission and the Commodity Futures Trading Commission.

In the spring of 2008, Geithner also sent recommendations for improving the Libor process to the British Bankers Assn. and the Bank of England, according to documents released by the New York Fed.

ALSO:

Libor rate-rigging scandal intensifies pressure on Wall Street

Bernanke says Libor is 'structurally flawed,' defends Fed's response

Geithner doesn't think Libor manipulation hurt taxpayers in bailouts

[TahoeBlue]

Symbolic - Historic Background of the "The City"

Empire of the City - Ring of Power - Chapter IV,V,VI - CZ

by jiloun 2 years ago

From the mystery religions of ancient Egypt to the role in 9/11, "Ring Of Power" unrevises 4000 years of revisionist human history with never - before - seen revelations. "Ring Of Power" puzzles together the pieces of a giant puzzle into one BIG PICTURE documentary series.

Part IV: GOD AND THE QUEEN (30 min.) Genealogy charts show that British and French royalty are descendants of Mary Magdalene and Jesus Christ. Is it true?
Part V: ALL THE QUEEN’S MEN (22 min.) How rich and powerful is Queen Elizabeth II?
Part VI: THE GODFATHERS (30 min.) They scammed control of the Bank of England and the U.S. Federal Reserve, then they found GOD – Gold, Oil and Drugs.
Part VII: CHEATING AT MONOPOLY (52 min.) How many people would play a game of monopoly if the banker was cheating and fixing the rules? Over 6 billion.
Part VIII: ASSES OF EVIL (29 min.) The New World Order Mafia are invisible rulers who make puppets out of politicians, heroes out of villains and villains out of heroes.
Part IX: KING OF HEARTS (22 min.) The ultimate goal of “insiders” is to disarm the world and create one world empire under one world ruler. Who is he?
Part X: SOLUTIONS (28 min.) Protesting and writing letters to deaf politicians doesn’t work. What does work?
The Producer is an experienced, award winning documentary filmmaker who, as a child, learned that her father was a member of the secretive cult of Freemasonry. She recalls many arguments between her parents over her father's secret meetings and the exclusion of women from the brotherhood. The Masonic ring that her father wore had been passed down from father to son over the generations. When she asked her father about the meaning of the letter "G" and the compass and square on his ring, she got no response. As an adult, she decided to investigate. That investigation grew into four years of intensive research into the identity and history of the diabolical globalists who she calls the "Ring Of Power". Their goal is one World Empire and one world ruler.

[worcesteradam]

I read 'City AM' today

There was an editorial saying London will have to change. That the world will have to change - no more Euribor either.

Its looking like they might exploit this to try and create some global banking regulations. I though it would just be the EU, Brussels taking over the City is very topical in England at the moment. Polls are heavily in favour of the City and anti-EU.

In the past several years we've had huge scandals discrediting parliament and banking in the city. Every time the EU or UN agencies like the IMF have "saved us."

[Heritage]

http://www.youtube.com/watch?v=QdprnWf55NI

[chris jones]

 It use to be called white collar crime, legally the justice treated the perps  with kid gloves.
 They are lined up grabbing it all.

[TahoeBlue]

http://wisdomquarterly.blogspot.com/2012/01/empire-that-needs-war-video.html
Monday, January 2, 2012
The "Empire" that needs more War (video)



"Ring of Power: The Empire of the City"



The City (or District) of Columbia, the City of London, and the City of the Vatican (Holy See) are three independent "states within states" that comprise the Empire of the City.

The first is the military control over the planet (military-industrial complex), the second one is financial control over world's economy, the third is religious control over the Earth

•Watch the entire Empire on YouTube
•Ring of Power: Empire of the City (full-length)
•Journal of 9/11 Research

Together they make a very unholy trinity, like the Egyptian pyramid appearing on the back of the world's most popular fiat currency issued by the privately owned Federal Reserve (Bank) used to trade in oil and maintain American imperial "colonies" in debt under the gun, the Queen, and the Pope.

Many realize the situation: Allegedly self-governing "democratic" nation states are actually controlled against the will of their people. It is a clear indication that there is a very powerful and well-financed occult ("hidden") organization that plans and directs world affairs.

This secretive organization is popularly referred to as the International Financiers, Banksters, Globalists, The Illuminati, the New World Order Cartel, or "The Crown Corporation."

[muggl3z]

Sure not hearing much about this now thanks to the Olympics!

[a ReVoLuTIONarY ideA]

Libor Manipulation Well Known in London by 1991

In 1991, I had live trading screens that showed the Libor rates. In September of that year, on the third Wednesday, at 11 o’clock, I watched those screens to see where the futures contract [on three month Libor] should settle. Shortly afterwards, Liffe announced the contract settlement rate. Its rate was different from what had been shown on my screens, by a few hundredths of a per cent.
 
As a result, I lost money. The amount was insignificant for me, but I believed that I had been defrauded and I complained to Liffe [ London International Financial Futures Exchange, which is where the contract traded]. Liffe explained that the settlement rate was not determined by what rates were actually in the market. Instead, the British Banker’s Association polled banks, asking them what the rates were. The highest and lowest quoted rates were discarded and the rest were averaged, giving the settlement rate. Liffe explained that, in doing this, they were adhering to the terms of the contract.
 
I talked with some of my more experienced colleagues about this. They told me banks misreported the Libor rates in a way that would generally bring them profits. I had been unaware of that, as I was relatively new to financial trading. My naivety seemed to be humorous to my colleagues.

Read more at http://www.nakedcapitalism.com/2012/07/libor-manipulation-well-known-in-london-by-1991.html#0Mzg2zz49LK3kvSu.99

[worcesteradam]

By Mark Kleinman, City Editor
Barclays is calling for new powers to ban rogue bankers following the scandal-hit summer that saw it fined hundreds of millions of pounds for rigging key global interest rates.

I have obtained a leaked copy of Barclays' submission to the Parliamentary Commission on Banking Standards, which was set up by Prime Minister David Cameron amid rising public and political anger over the scale of industry malpractice.

In it, Barclays says the Commission should consider recommending a new Chartered Institute of Bankers which would "promote and develop professional standards across the industry, and to administer a new professional register which all staff who work within certain functions are required to sign".

Significantly, the bank also recommends that individuals who fail to adhere to the standards prescribed by the new body would be struck off and barred from working in the industry.

The call from Barclays comes as it works to resolve the future of a number of employees who were implicated in the Libor-rigging scandal.

The current approval regime involves the Financial Services Authority licensing senior employees within regulated financial institutions, whereas the Barclays suggestion would "strengthen and broaden" the existing system, the bank said.

According to the bank's submission, a Chartered Institute for Bankers would offer "certainty and confidence to customers that they are being served by qualified and trustworthy professionals who are bound by a code of conduct and are individually 'licensed'".

The new body would be independent of the banking industry but be funded by the major banks.

"It should operate a Register of Approved Bankers and Roles, which is reinforced by a disciplinary process. If a professional is found ... to have failed to meet the Rules and Standards, they should be subject to appropriate disciplinary procedures, which should include being removed from the list and therefore prevented from undertaking such a role in the future at any UK bank.

"The register should be made available to the public in a similar manner to other professions."

http://news.sky.com/story/982233/exclusive-barclays-urges-rogue-banker-ban

"The new body would be independent of the banking industry but be funded by the major banks"

HA HA HA

Significantly, the bank also recommends that individuals who fail to adhere to the standards prescribed by the new body would be struck off and barred from working in the industry.

Does anybody wish to take my bet that Barclays themselves will not be struck off by the new body, seemingly to be designed, written and funded by Barclays. What odds will anyone give me on this, please.

[jofortruth]

Empire of the City VIDEO:
http://z4.invisionfree.com/The_Great_Deception/index.php?showtopic=6696&st=0&#last


City of London:
http://z4.invisionfree.com/The_Great_Deception/index.php?showtopic=561&st=0


Washington, DC:
http://z4.invisionfree.com/The_Great_Deception/index.php?showtopic=5331


The Vatican:
http://z4.invisionfree.com/The_Great_Deception/index.php?showtopic=3430&st=0

Interesting reading!

[TahoeBlue]

RequestForComments - Does anyone know if the Gerald Carroll Foundation Trust Fraud Scandal is real?
search: Carroll Foundation Trust
Here's a couple of links:

http://carrolltrust.tumblr.com/
Britain's $1,000,000,000 Fraud - FBI Carroll Case

http://victims-unite.net/2011/07/10/gerald-carroll-the-biggest-criminal-fraud-heist-in-british-history/
Gerald Carroll: the biggest criminal fraud heist in British history


Like "the Dove" Bae case the SFO in UK is on the case....

http://www.dailymail.co.uk/money/news/article-2181428/We-send-Libor-fixers-prison-Serious-Fraud-Office-warns.html?ITO=1490
'We can send Libor-fixers to prison', Serious Fraud Office warns
By Daily Mail Reporters
PUBLISHED:02:43 EST, 31 July 2012

The prospect of bankers being locked up for interest rate rigging moved a step closer yesterday.
 
The Serious Fraud Office confirmed it was ‘satisfied’ that existing criminal offences are capable of covering conduct in relation to the manipulation of crucial interest rates by banks.

The announcement, made by SFO director David Green QC, means traders at some of the UK’s biggest banks could face criminal sanctions or even jail
...


Gee where didall the money go....

http://articles.nydailynews.com/2012-07-22/news/32791525_1_offshore-accounts-tax-justice-network-tax-havens
Report: $21 trillion hidden in offshore accounts
VICTORIA CAVALIERE
Sunday, July 22, 2012

 The wealthiest people in the world have exploited loopholes in international tax rules, evading the taxman and sheltering a staggering $21 trillion or more in offshore accounts, according to a report released Sunday.

 To give perspective to the scale of the offshore economy, the economic transparency group Tax Justice Network said the sum is larger than the entire United State’s economy, or enough money to entirely solve the European debt crisis.

 The report, called The Price of Offshore Revisted, says between $21 trillion and $32 trillion could be hidden in tax havens in countries like Switzerland and the Cayman Islands. The first details

http://article.wn.com/view/2012/07/24/UK_ministers_regrets_over_HSBC_laundering_claims/
UK minister's 'regrets' over HSBC laundering claims - 24 July 2012

video

http://www.france24.com/en/20120724-uk-ministers-regrets-over-hsbc-laundering-claims
British trade minister Stephen Green admitted Tuesday that he "regrets" issues over HSBC's role in alleged money laundering during his time in charge of the global banking giant. Lord Green has faced fierce political pressure after US lawmakers last week accused London-based HSBC of failing to apply anti-laundering rules, benefiting Iran, terrorists and drug dealers.
...
Last week, a US Senate report found that HSBC had allowed affiliates in countries such as Mexico, Saudi Arabia and Bangladesh to move billions of dollars in suspect funds into the United States without adequate controls.
 
Lawmakers said money laundered through HSBC-linked accounts benefited Mexican drug lords and terrorist networks, and skirted US sanctions on Iran.

[worcesteradam]

September 5th, 2012
John Hayes replaces Charles Hendry as energy minister
Number 10 confirms popular energy minister to be replaced by John Hayes, despite MP's past opposition to wind energy

September 14th, 2012
New energy minister John Hayes said the bank of England would widen its inquiry into Libor rigging to include allegations that oil prices are similarly manipulated. Hayes said that he would write to the Financial Services Authority to raise concerns.

So Libor scandal now to be expanded into oil price fixing. What are the illuminati up to now.

[worcesteradam]

New Barclays chief executive, Antony Jenkins, told staff that now every individual employee will be assessed to 'ensure they are keeping up with the cultural reforms' he is pushing through Barclays.
The reforms will include a new code of conduct, to be written by top lawyer, Anthonly Salz, who is currently conducting a 'cultural review' of practices at the bank.
"How we do business, our impact as a company and adherence to our values will be considered as important financial targets when assessing (your) performance." he told staff via an internal letter.

So Barclays is exploiting the manufactured Libor scandal to force through a new corporate culture that is more left wing and better in keeping with United Nations Corporate Citizenship.
They are also proposing new industry standards and regulators that would then be likely to enforce that exact same cultural standards on every industry bank.

[TahoeBlue]

http://www.guardian.co.uk/business/2013/feb/06/rbs-fined-libor-rigging-scandal

RBS fined £390m for 'widespread misconduct' in Libor-rigging scandal

Royal Bank of Scotland bankers continued to rig Libor rate until November 2010 – two years after it was bailed out by taxpayer

Jill Treanor, City editor
The Guardian, Wednesday 6 February 2013 15.27 EST

Royal Bank of Scotland was handed a £390m fine on Wednesday for "widespread misconduct" in rigging the Libor rate until as recently as November 2010, two years after it was bailed out by the taxpayer and even once regulators had begun to investigate the key benchmark rate.

Regulators found corrupt payments of more than £100,000 were made to those involved and that the bailed-out bank had "abetted" Swiss bank UBS – fined £940m – in manipulating the rate used to set prices on £300tn of financial contracts around the world, from ordinary household mortgages to business loans.

"This is another day of shame for Britain's banks," Greg Clark, the financial secretary to the Treasury, told MPs.

One electronic exchange shows an RBS employee responsible for submitting official Libor rates joking: "I'm like a whores' drawers." A broker is quoted saying to an RBS Libor submitter: "I'll send lunch around for everybody."
...
Two US regulators – the Commodity Futures Trading Commission and the US department of justice – have fined RBS $325m (£207m) and $150m (£95m) respectively while the fine levied by the UK Financial Services Authority is £87.5m. This would have been substantially higher if RBS had not co-operated.

Hester warned that the Libor fine "will not be the last reminder of the scale of the changes that need to be made" inside the nationalised bank.

US authorities are investigating money laundering offences and the Libor investigation is continuing in Japan and Switzerland.
...

http://www.guardian.co.uk/business/2013/feb/06/royal-bank-of-scotland-rbs-libor-fine
RBS fined £390m / $612m for rigging Libor interest rate – as it happened

Graeme Wearden
guardian.co.uk, Wednesday 6 February 2013 15.13 EST
...
The charges brought against RBS relate to:
Successful manipulation, attempted manipulation, and false reporting relating to LIBOR for Yen and Swiss Franc.
 
They cover the period between mid-2006 and 2010. That means the practice continued after it was partially nationalised

[worcesteradam]

The reforms will include a new code of conduct, to be written by top lawyer, Anthonly Salz

Anthony Salz joined Rothschild as an Executive Vice Chairman in 2006. He graduated in law from Exeter University in 1971 and for most of his career worked, as a corporate lawyer, with Freshfields. In 1977/8 he was seconded for nearly a year to Davis Polk & Wardwell, New York. He became senior partner of Freshfields in 1996 and, following mergers in 2000, Co-Senior Partner of the resulting firm, Freshfields Bruckhaus Deringer, until 2006. He was Vice Chairman of the Board of Governors of the BBC from 2004 until the end of 2006. He is, among other things, a Trustee of the Royal Opera House, the Tate Foundation, the Eden Project and the Paul Hamlyn Foundation. He is a member of the Advisory Panel for the Swiss Re Centre for Global Dialogue.

Also a member at BNE:
BNE is a coalition of business leaders articulating a positive case for reform in Europe. We provide a platform for debate on European issues to business leaders and policy makers at the highest level. We publish research, hold regular seminars and conferences, and seek to ensure that a reasoned, pro-European voice is heard in the UK.

[TahoeBlue]

http://www.guardian.co.uk/business/2013/feb/10/rbs-chief-stephen-hester-bonus-libor
RBS chief Stephen Hester could take bonus despite Libor-rigging fine

RBS chairman Sir Phillip Hampton says a decision about Hester's 2013 bonus will be made at the end of the year

Royal Bank of Scotland has yet to decide whether the £390m fine for rigging Libor should have an impact on any bonuses for Stephen Hester for this year amid renewed focus on the chief executive's pay. 

Sir Philip Hampton, the bank's chairman, told the Guardian that a decision about Hester's 2013 bonus will be made "at the end of the year and will take into account all the relevant factors".

Ahead of an appearance before the banking standards commission on Monday, the RBS chairman said : "It is far too early, in February, to speculate on what his bonus for 2013 will be".
...

[EvadingGrid]

http://www.guardian.co.uk/business/2013/feb/10/rbs-chief-stephen-hester-bonus-libor
RBS chief Stephen Hester could take bonus despite Libor-rigging fine

RBS chairman Sir Phillip Hampton says a decision about Hester's 2013 bonus will be made at the end of the year

Royal Bank of Scotland has yet to decide whether the £390m fine for rigging Libor should have an impact on any bonuses for Stephen Hester for this year amid renewed focus on the chief executive's pay. 

Sir Philip Hampton, the bank's chairman, told the Guardian that a decision about Hester's 2013 bonus will be made "at the end of the year and will take into account all the relevant factors".

Ahead of an appearance before the banking standards commission on Monday, the RBS chairman said : "It is far too early, in February, to speculate on what his bonus for 2013 will be".
...

Ahh.... the bankster must have screamed his secret "safe word"