The Unz Review • An Alternative Media Selection$
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
 BlogviewEamonn Fingleton Archive
The Banks At Risk In the Libor Affair
Email This Page to Someone

 Remember My Information



=>

Bookmark Toggle AllToCAdd to LibraryRemove from Library • B
Show CommentNext New CommentNext New ReplyRead More
ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
AgreeDisagreeThanksLOLTroll
These buttons register your public Agreement, Disagreement, Thanks, LOL, or Troll with the selected comment. They are ONLY available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also ONLY be used three times during any eight hour period.
Ignore Commenter Follow Commenter
Search Text Case Sensitive  Exact Words  Include Comments
List of Bookmarks

If you are a contrarian like me, you probably hold a few bank stocks — so as the Libor scandal has gathered steam you may be wondering about your exposure. Daily newspaper reports have not been much help because they mention only a few of the more obvious names. As a reader service, I have set out to identify all the banks involved. The list is taken from court filings and I offer it verbatim. It involves several duplications in that Bank of America Corporation and Bank of America, N.A., for instance, are for stock market investors one and the same. A couple of other footnotes are in order. HBOS is a British bank formed from a merger of the Halifax Building Society and the Bank of Scotland, and now a subsidiary of Lloyds. It is unrelated to Georgia-based Heritage Bank, whose symbol happens to be HBOS. Raiffeisenboerenleenkbank is better know as Rabobank. (Disclosure: For my sins, I find that I am a holder of no less than three of these banks: Barclays, Mitsubishi UFJ and Credit Suisse. I have no short positions and am keeping my fingers crossed.)

BANK OF AMERICA CORPORATION
BANK OF AMERICA, N.A.
BANK OF TOKYO MITSUBISHI UFJ LTD.
BARCLAYS BANK PLC
CITIGROUP, INC.
CITIBANK, N.A.
COÖPERATIEVE CENTRALE RAIFFEISENBOERENLEENBANK B.A.
CREDIT SUISSE GROUP AG
DEUTSCHE BANK AG
HSBC HOLDINGS PLC
HSBC BANK PLC
JPMORGAN CHASE & CO.
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
LLOYDS BANKING GROUP PLC
HBOS PLC
ROYAL BANK OF CANADA
THE NORINCHUKIN BANK
THE ROYAL BANK OF SCOTLAND GROUP PLC
UBS AG
WESTLB AG
WESTDEUTSCHE IMMOBILIENBANK AG

(Republished from Forbes by permission of author or representative)
 
• Category: Economics • Tags: Banking System 
Current Commenter
says:

Leave a Reply - Comments on articles more than two weeks old will be judged much more strictly on quality and tone


 Remember My InformationWhy?
 Email Replies to my Comment
$
Submitted comments have been licensed to The Unz Review and may be republished elsewhere at the sole discretion of the latter
Commenting Disabled While in Translation Mode
Subscribe to This Comment Thread via RSS Subscribe to All Eamonn Fingleton Comments via RSS
PastClassics
How America was neoconned into World War IV
“America’s strategic and economic interests in the Mideast and Muslim world are being threatened by the agony in...