bankers

“I’m just doing it for you guys,” Birkir Kristinsson was caught on tape saying to one of his fellow bankers at Glitnir. Kristinsson, the brother of Magnús Kristinsson – owner of fishing industries in the Vestman islands and a big borrower in the Icelandic banks – has been sentenced to five years in prison together with three Glitnir colleague two of whom also got the same prison sentence. The fourth was sentenced to four years in prison. Kristinsson has appealed and so will the three others most likely do. ...

Bob Diamond, one of the most controversial bankers to emerge from the financial crisis, but the man ousted as boss of Barclays after a direct intervention by the Bank of England, is making a dramatic return to the City with the launch of a new Africa banking business. ...

With comment by Tony Shearer, ex CEO of Singer & Friedlander

EXCLUSIVE BY IAN FRASER

Executives and former executives of the Royal Bank of Scotland and Lloyds Banking Group are at risk of criminal action, including possible extradition to the United States, in the wake of allegations of interest-rate rigging, according to senior legal experts.

And the banks face even larger fines than Barclays' £290 million penalty over its involvement in the alleged cartel of banks that conspired to rig inter-bank interest rates.
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See also unedited version on Ian Fraser's blog: http://www.ianfraser.org/the-wages-of-sin-bankers-on-the-fiddle/