Ex-UBS trader appears in first Libor-fixing trial

[Martin@AS Financial]

Will be interesting to see if this ends up with a custodial sentence:

Ex-UBS trader appears in first Libor-fixing trial | News | Mortgage Strategy

[DimPrawn]

If it was in the US he would face 300 years in prison.

Here he will probably just have his bonus this month reduced to £2m.

[Martin@AS Financial]

If it was in the US he would face 300 years in prison.

Here he will probably just have his bonus this month reduced to £2m.

Good article here - "Why putting bank bosses behind bars is still nigh on impossible"

Why putting bank bosses behind bars is still nigh on impossible | Business | The Guardian

The main argument is that a heavy crackdown would lead to banks draining credit from the economy.