HuffingtonPost.com
Reuters | Posted: 07/22/2012 1:57 pm
Updated: 07/22/2012 1:57 pm

July 22 - U.S. prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping investigation into the rate-rigging scandal.

Federal prosecutors in Washington, D.C., have recently contacted lawyers representing some of the individuals under suspicion to notify them that criminal charges and arrests could be imminent, said two of those sources who asked not to be identified because the investigation is ongoing.

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Andrew Curry
for National Geographic News
Published July 18, 2012

Photograph by Annie Griffiths, National Geographic

Today it's a mirage-like expanse of monumental ruins. But under the Roman Empire, Palmyra was a trading metropolis, according to historical and archaeological evidence.

Despite nearly a century of research, though, a key question remains unanswered: How did this city of 200,000 thrive in the middle of an infertile Syrian desert?

The Spanish state was no longer able to help the country's ailing banks. To be sure, Madrid long tried to cover up the fact. But with the eurozone group's recent decision to finally bail out Spanish banks, Spain is now fully dependent on the rescue fund set up by solvent euro countries.

No flowery rhetoric can cloak the fact. Indeed, Spain's own banking rescue fund will be the first recipient of EU money. If the money is not paid back, Spain itself will be liable for the banks, whose wrong-headed speculations racked up so much debt in recent years.

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PressTV.ir
Fri Jul 20, 2012 12:59AM GMT