Bank of England probed on whether auctions were rigged to check volatility

by | September 29, 2015 7:38 am

The Serious Fraud Office is investigating whether Bank of England officials rigged emergency auctions at the onset of the financial crisis by telling lenders to bid at a particular rate to minimise questions about the health of their balance sheets. The SFO is looking at whether banks and building societies were told to offer about…

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