'Dump Trump': Tens of thousands join global march

'Dump Trump': Tens of thousands join global march
Demonstrators arrive on the National Mall in Washington, DC, for the 'Women's March on Washington' on January 21, 2017 (AFP Photo/Andrew CABALLERO-REYNOLDS)

March for Science protesters hit the streets worldwide

March for Science protesters hit the streets worldwide
Thousands of people in Australia and New Zealand on Saturday kicked off the March for Science, the first of more than 500 marches around the globe in support of scienceThousands of people in Australia and New Zealand on Saturday kicked off the March for Science, the first of more than 500 marches around the globe in support of science

Bernie Sanders and the Movement Where the People Found Their Voice

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) -

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)


Hong Kong's grandpa protesters speak softly but carry a stick

Hong Kong's grandpa protesters speak softly but carry a stick
'Grandpa Wong' is a regular sight at Hong Kong's street battles (AFP Photo/VIVEK PRAKASH)
.
A student holds a sign reading "Don't shoot, listen!!!" during a protest
on June 17, 2013 in Brasilia (AFP, Evaristo)

FIFA scandal engulfs Blatter and Platini

FIFA scandal engulfs Blatter and Platini
FIFA President Sepp Blatter (L) shakes hands with UEFA president Michel Platini after being re-elected following a vote in Zurich on May 29, 2015 (AFP Photo/Michael Buholzer)
"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …

Wall Street's 'Fearless Girl' statue to stay until 2018

Wall Street's 'Fearless Girl' statue to stay until 2018
The " Fearless Girl " statue on Wall Street is seen by many as a defiant symbol of women's rights under the new administration of President Donald Trump (AFP Photo/ TIMOTHY A. CLARY)



“… The Fall of Many - Seen It Yet?

You are going to see more and more personal secrets being revealed about persons in high places of popularity or government. It will seem like an epidemic of non-integrity! But what is happening is exactly what we have been teaching. The new energy has light that will expose the darkness of things that are not commensurate with integrity. They have always been there, and they were kept from being seen by many who keep secrets in the dark. Seen the change yet?

In order to get to a more stable future, you will have to go through gyrations of dark and light. What this means is that the dark is going to be revealed and push back at you. It will eventually lose. We told you this. That's what you're here for is to help those around you who don't see an escape from the past. They didn't get their nuclear war, but everything else is going into the dumper anyway. … “

Search This Blog

Wednesday, September 25, 2013

Libor: Icap fined £55m as ex-staff face criminal charges

Financial firm run by former Tory treasurer Michael Spencer given stiff penalty as three ex-employees charged

theguardian.com, Jill Treanor, Wednesday 25 September 2013

Icap is run by former Conservative party treasurer Michael Spencer.
Photograph: Bloomberg via Getty Images

The major financial firm run by former Conservative Party treasurer Michael Spencer has been fined £55m by regulators and three of its former employees facing criminal charges in the United States as result of the ongoing global investigation to Libor rigging.

Spencer insisted none of the senior staff of the Icap broking firm he runs were involved in the rigging.

But he said he regretted the actions of the one-time employees who each face 30 years in jail for each of the three charges levelled against them by the US department of justice (DoJ) in the US.

Darrell Read, who resides in New Zealand, and British citizens Daniel Wilkinson and Colin Goodman – known as "Lord Libor" according to the DoJ – have been charged with conspiracy to commit wire fraud and two counts of wire fraud in a criminal complaint which was unsealed in a Manhattan federal court earlier. In the US a criminal complaint is not evidence and a defendant is presumed innocent until convicted.

"In exchange for bigger bonus checks, the three defendants undermined financial markets around the world by compromising the integrity of globally used interest rate benchmarks," said Scott Hammond, deputy assistant attorney general for the antitrust division's criminal enforcement programme.

In the fourth fine levelled by the Financial Conduct Authority and its predecessor bodies for Libor rigging, Icap will pay £14m while the US authorities have fined the company £55m for the manipulation of the yen Libor rate. According the FCA one of the brokers received £5,000 every quarter in "corrupt bonus payments".

The authorities link the activities to those of UBS, the Swiss bank which has so far faced the largest Libor fines of £940m after being found to have made corrupt payments to brokers in an "extensive and widespread" attempt to manipulate key benchmark interest rates. According to the FCA there were 300 written requests to change Libor rates to brokers at Icap, while the Commodity Futures Trading Commission published details of electronic chats showing discussions about a curry night out, a Ferrari and "bubbly on its way" in return for moving the rates, and other coffee, The ICAP brokers referred to the panel bank submitters as "sheep".

According to the regulators, Goodman distributed a daily email to individuals outside of Icap, including derivatives traders at several large banks as well as those responsible for providing Libor submissions to the British Bankers' Association.

Libor stands for London interbank offered bank offered rate and is a benchmark rate based on submissions by major banks about the price they think rivals would charge them to borrow money over different periods of time. It in turn is used a benchmark against which financial contracts around the world are set, affecting the price at which companies borrow money for instance.

"Goodman's email contained what was termed his "SUGGESTED LIBORS," purported predictions of where yen Libor ultimately would fix each day across eight specified borrowing periods. Read and Wilkinson, along with Goodman himself, often referred to Goodman as "Lord Libor"," the DoJ said.

The way Libor is set has been overhauled since the rate ringing scandal emerged – first via a £290m fine for Barclays and later a £390m penalty for Royal Bank of Scotland. The BBA's role in overseeing Libor is being replaced by the body which runs the New York Stock Exchange and the number of Libor rates scaled back.

The US attorney general, Eric Holder, said: "By allegedly participating in a scheme to manipulate benchmark interest rates for financial gain, these defendants undermined the integrity of the global markets. They were supposed to be honest brokers, but instead, they put their own financial interests ahead of that larger responsibility."

Spencer, who had initially played down the firm's connection to the Libor scandal, said the firm had assisted regulators with the inquiries.

"We deeply regret and strongly condemn the inexcusable actions of the brokers who sought to assist certain bank traders in their efforts to manipulate yen Libor. Their conduct contravenes all that Icap stands for," said Spencer.

"None of the three individuals at the centre of the activity remains with the firm. Others are either no longer with the company or are being disciplined," Spencer added.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.