One of the 16 banks sure to be implicated in the Libor rate-rigging scandal is JPMorgan Chase. Their submissions to Libor consistently fell on the low end of the scale, presumably fitting for what was thought to be a first tier bank, but we don’t know yet what those responsible at the bank for submitting the Libor did in response to requests from traders. But we do know with a fair degree of certainty that JPM won’t be particularly forthcoming about it. Is there a larger pattern?
|By: David Dayen Monday July 9, 2012 1:30 pm|