PRESENTED BY NIKHIL TIWARI SCALE OF THE SCANDAL… “This dwarfs by orders of magnitude any financial scam in the history of markets “ -Andrew LO‚ Professor of Finance‚ MIT WHAT IS LIBOR ? Libor is the benchmark interest rate that affects how consumers and companies borrow money across the world. It the average interest rate calculated through the submission of interest rates by major banks in London. It is controlled by British Bankers ’Association(BBA) WHAT IS AFFECTED
Premium Bank
Causes of Accounting Scandals: The accounting entities and accountants of the world have defined several standards and ethical guidelines that need to be and must be followed by the accountants so that things are not misrepresented and no wrong information is provided to the investors. The accounting information generated by any company is generally used by external entities and stakeholders as well and hence it is crucial to maintain and define some standards and practices that serve the purpose
Premium Ethics Morality Management
The Iran Contra Affair Scandals‚ never really a matter but did this not mean that they were non-existent. Scandals do exist in the United States the biggest scandals are the one where everybody is involved I’m referring to the presidential scandals. Society took notice of how government was keeping information a secret. So U.S citizens dove in deeper to the political region to discover these unknown facts. Presidential scandals became more known after LBJ pentagon papers. Then suddenly Nixon’s
Premium Richard Nixon Watergate scandal Gerald Ford
power. This renowned leadership may be the only association made by certain countries‚ while in the United States many see an other significance: Watergate‚ Whitewater‚ Kennedy’s brutal and mysterious assassination‚ and today‚ Clinton’s "zippergate" scandal. When the President of the United States takes oath‚ he gives up a part of his life. His private life becomes the public’s life‚ and they feel the right to know what happens behind the Oval Office. Now the Presidency must battle against Newspaper
Premium President Journalism President of the United States
The 2G spectrum scandal involved officials in the government of India illegally undercharging mobile telephony companies for frequency allocation licenses‚ which they would use to create 2G subscriptions for cell phones. The shortfall between the money collected and the money which the law mandated to be collected is 1‚76‚379 crore (1.763 trillion) rupees (roughly equivalent to 39 billion US dollars). The issuing of licenses occurred in 2008‚ but the scam came to public notice when the Indian Income
Premium Lobbying Mass media Abu Dhabi
There are a few real ways to hack into online accounts‚ and there are many fake ways you will see all over the internet. Most of these fake ways tell you something like “you need to send an email to account_recovery@yahoo.com your username/password in the subject line” which is some fake Yahoo account owned by some guy that just stole your password. So how does an average person like you hack an email account like Yahoo‚ Hotmail‚ or Gmail? I’ll outline some common myths and things that don’t
Premium .hack Internet E-mail address
From Amanda Chua‚ Financial Manager To Sir David Walker‚ Chairman of Barclays Plc. Date 24th February 2013 Subject Implication of The Recent Libor-Fixing Scandal for Barclays Bank 1. Executive Summary * The London Interbank Offered Rate (Libor) is the average interest rate charged to banks for lending funds in the interbank market (Investopedia n.d.). * The UK Treasury reported that Libor is responsible for an estimated $300 trillion worth of financial transaction (BBC 2012). *
Premium Finance Bank
HealthSouth Accounting Scandal HealthSouth is the one of the largest providers of inpatient rehabilitative healthcare services in the U.S. HealthSouth is fully operational in 26 states across the United States and also in Puerto Rico. HealthSouth serves patients in various settings such as; inpatient rehabilitation hospitals‚ long-term acute care hospitals‚ outpatient rehabilitation satellite clinics and home health agencies. HealthSouth’s hospitals are able to provide an advanced care to patients
Premium Richard M. Scrushy
and to role model what is right and what is wrong. However their honor and solidarity can compromise their integrity little by little and lead to corruption. Here we will discuss the Los Angeles Police Department CRASH Unit and the ultimate Rampart Scandal and how police characteristics aided in its corruption. During the early 1990’s‚ The Los Angeles Police Department thrived on their work done within the CRASH (Community Resources against Street
Premium Police Constable Crime
The latest release of Hillary Clinton’s personal emails shines a new light on an old scandal that has received far to little press coverage over the years. More than 6 years after the January 2010 Earthquake‚ there is little to show for the two Billion Dollars that have been poured into “reconstructing” Haiti‚ most of the money having disappeared into fraud and corruption scams closely associated with the Clinton Foundation. According to the nonpartisan Washington watchdog Judicial Watch‚ the
Premium Bill Clinton Hillary Rodham Clinton