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Message: Re: More on Barclays
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Jul 06, 2012 08:44AM
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Jul 06, 2012 11:56AM
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Jul 06, 2012 12:26PM

RBC says it followed the rules on LIBOR, so maybe none of our Canadian banks are involved? I believe RBC was the only Canadian bank named.

http://www.thestar.com/business/article/1222885--rbc-says-it-followed-the-rules-didn-t-collude-in-libor-rate-fixing-scandal

But, I am unable to find any update on this suit yet. Maybe it will be awhile before it gets to court? This excerpt taken from the link below;

The case is one of the biggest ever filed by the CFTC. The CFTC declined to say whether it is investigating similar dividend washing instances.

http://404systemerror.com/analysis-us-regulators-accuse-rbc-of-massive-dividend-tax-scam/

A link below of the money accepted by the banks from our government. It says in one place;

"It says support for Canadian banks from various agencies reached $114 billion at its peak. That works out to $3,400 for every man, woman and child in Canada, and also to seven per cent of Canada's gross domestic product in 2009."

http://www.cbc.ca/news/business/story/2012/04/30/bank-bailout-ccpa.html

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