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Google News: Banks' Libor costs may hit $22bn
[Financial Times] - Sandy Chen, analyst at Cenkos, has argued that banks could pay up to £2bn in potential damages for every £1tn of Libor-linked derivatives contracts if plaintiffs could show Libor was understated by 5 basis points for the entire four year period – 2005
Bank forecasts futile now all trust has gone, says analyst
www.telegraph.co.uk
[Telegraph.co.uk] - Sandy Chen, bank analyst at Cenkos Securities, said it was pointless revising forecasts until Barclays came clean over what had gone on. “Analysts spend 99pc of their time crunching numbers, but underneath the complicated edifice of earnings forecasts
Royal Bank of Scotland chief executive Stephen Hester forfeits bonus
news.stv.tv
[stv.tv] - Sandy Chen, banking analyst at Cenkos Securities, believed the banking sector could be facing billions of pounds in fines and damages actions as a result of the scandal. The UK Government owns an 84% stake in the bank after it collapsed in as a
Google News: Nya rubriker för
[Realtid.se] - Hittills har det inte publicerats någon officiell siffra på hur mycket bankerna kan komma att avkrävas men Sandy Chen från börsmäklarfirman Cenkos Securities uppskattar att bankerna sammanlagt kommer att behöva betala mellan 1,7 och 2,2 miljarder
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