The bankers who collaborated to "fix" the LIBOR rate should be prosecuted for fradulent dealings, as well as the banks being fined.

• Petition
• Statistics

Petition Action

The bankers who collaborated to "fix" the LIBOR rate should be prosecuted for fradulent dealings, as well as the banks being fined.

Additional Information

Libor, the London inter-bank lending rate, is considered to be one of the most crucial interest rates in finance.
It underpins trillions of pounds worth of loans and financial contracts. If, as it appears the rate has been fixed by a group of individuals seeking to increase their bonuses, it means many million of people and busineses have been charged a higher rate for their loans and mortgages.
This is fraud on a massive scale, similar to insider trading, and those people concerned should be prosecuted by the Financial Conduct Authority on behalf of teh Ministry of Justice- or The Treasurey and banned from working in finance for at least five years, and fined for their covert manipulation of LIBOR rates.
While several banks have been fined over £1bn , it is people who did the manipulation, and by fining the banks , the shareholders who are innocent suffer. The bankers fines should be shared between the shareholders who have suffered

---

You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!

Have your say on this petition!

comments powered by Disqus