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    Bankers plotted to rip-off clients in hidden chat-room.

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    papa_umau
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    Bankers plotted to rip-off clients in hidden chat-room.

    Post by papa_umau on Tue 30 May 2017, 10:51 am

    Bankers plotted to rip off clients in online chat room

    A giant French bank on Wednesday was fined $350 million by New York regulators after investigators discovered a secret online chat room where traders and salespeople openly plotted to rip off clients — and discussed how they could throw authorities off their track.

    For six years, BNP Paribas gave a dozen key employees a “nearly unfettered” ability to defraud clients by manipulating currency rates, according to the NY Department of Financial Services.

    Read the full story from The New York Post HERE




    Well folks, if this is happening to French and American bank clients I am sure that it will be happening in the biggest banking sector in the world: The Square Mile in London.

    I guess all that we can do to defend ourselves from banks getting their heads together in secret chat-rooms is to be very wary about anything we do with banks.


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    zathrus
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    Re: Bankers plotted to rip-off clients in hidden chat-room.

    Post by zathrus on Thu 01 Jun 2017, 11:03 am

    Once again, this concerns America and France, and not so much Britain.

    If you can find examples of this going on in British banking then I will be more interested.
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    papa_umau
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    Re: Bankers plotted to rip-off clients in hidden chat-room.

    Post by papa_umau on Fri 02 Jun 2017, 11:15 am

    True, but it would appear that the British banking system has not been directly caught up in this particular scandal.

    We will hear more about this, I am sure.


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    Re: Bankers plotted to rip-off clients in hidden chat-room.

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      Current date/time is Mon 17 Dec 2018, 11:52 am