Tag Archives | LIBOR

Deutsche Bank settlement: does the punishment fit the crime?

27 April 2015 in Accountability, Civil society, Cost of Corruption, Financial Integrity, Financial Markets, Impunity, Private sector

Germany’s biggest bank, Deutsche Bank has agreed to pay a record US$2.5 billion in fines to US and UK authorities after one of its subsidiaries pleaded guilty to wire fraud for its role in manipulating LIBOR. This is more than your everyday bank scandal: LIBOR has an impact on millions of people, if not billions […]

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Big banks: Where does the buck stop?

28 September 2012 in Financial Markets, Private sector

After four years of economic crisis and financial scandal, finally some good news. Eighty-five per cent of bank employees surveyed believe that their companies have an ethical duty to fight corruption. That is a finding from our survey of 3,000 businesspeople in 30 countries: Putting Corruption out of Business (see what businesspeople from other sectors […]

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Better anti-corruption reporting but is it credible?

31 August 2012 in Access to information, Accountability, Private sector

Scandals such as the revelations of banks misleading regulators on LIBOR are further eroding people’s trust in companies. Two in three Europeans, for example, believe that corruption is part of their country’s business culture. One of steps for companies to restore trust is by publicly reporting on their anti-bribery measures. Once a company has done […]

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