Weather
The Pine Tree, News for Calaveras County and Beyond Weather
Amador Angels Camp Arnold Bear Valley Copperopolis Murphys San Andreas Valley Springs Moke Hill/West Point Tuolumne
News
Business Directory
Weather & Roads
Sports
Real Estate
Search
Weekly & Grocery Ads
Entertainment
Life & Style
Government
Law Enforcement
Business
Wine News
Health & Fitness
Home & Garden
Food & Dining
Religion & Faith
Frogtown USA
Legal Notices
Calendar
Polls
Columns
Free Classifieds
Letters to the Editor
Obituaries
About Us

Coming Soon...
Saturday, Nov 18
All Day Experience the Magic of Christmas At Calaveras & Sonora Lumber
All Day Crossing California, Sierra to the Sea, October 8 through November 26 at Petroglyphe
10:00 AM Crafty Chicks Holiday Event Road Show
All Day Yoga - Gentle Flow
12:00 PM Hindu Deities and Archetypes with Sierra Stange
12:00 PM Introduction To Hindu Deities and Mythology Workshop
Sunday, Nov 19
All Day Crossing California, Sierra to the Sea, October 8 through November 26 at Petroglyphe
All Day Yoga - Gentle Flow
04:00 PM Kirtan with Jens Jarvie and The Heart Wide Open
04:00 PM The Outhouse Collection Holiday Open House Benefit for Arnold Angels
Monday, Nov 20
All Day Yoga - Gentle Flow
Tuesday, Nov 21
All Day Yoga - Gentle Flow
11:00 AM ARNOLD SIR, Branch 152, Monthly Luncheon Meeting on Tuesday, November 21, 2017, 11:00 am
Wednesday, Nov 22
All Day Overeaters Anonymous meeting
All Day Yoga - Gentle Flow
Thursday, Nov 23
All Day Crossing California, Sierra to the Sea, October 8 through November 26 at Petroglyphe
All Day Yoga - Gentle Flow
01:00 PM Free Community Thanksgiving Dinner
Friday, Nov 24
All Day Crossing California, Sierra to the Sea, October 8 through November 26 at Petroglyphe
All Day Yoga - Gentle Flow
06:00 PM Get Your Floats Ready for The Christmas in White Pines Parade of Lights on November 24th
07:00 PM Music At Bistro Espresso
Saturday, Nov 25
All Day Crossing California, Sierra to the Sea, October 8 through November 26 at Petroglyphe
09:00 AM Christmas in the Country, Craft Faire,Bake Sale & Luncheon
All Day Yoga - Gentle Flow
05:00 PM The Big 25th Annual Dorrington Christmas Tree Lighting is Nov. 25th
Sunday, Nov 26
All Day Crossing California, Sierra to the Sea, October 8 through November 26 at Petroglyphe
All Day Yoga - Gentle Flow
Monday, Nov 27
All Day Yoga - Gentle Flow
Tuesday, Nov 28
All Day Yoga - Gentle Flow
Wednesday, Nov 29
All Day Overeaters Anonymous meeting
All Day Yoga - Gentle Flow
Thursday, Nov 30
All Day Yoga - Gentle Flow
Friday, Dec 1
All Day Holiday Festival of Wines and Murphys Open House
All Day Yoga - Gentle Flow
05:00 PM Murphys Open House, December 1, 2017, 5-8 pm Presented by the Murphys Business Association
07:00 PM Looking Over the President's Shoulder

Search Announcements




Log In
Username

Password

Remember Me



Posted by: thepinetree on 10/25/2017 11:07 AM Updated by: thepinetree on 10/25/2017 11:07 AM
Expires: 01/01/2022 12:00 AM
:

$220 Million Multistate Settlement with Deutsche Bank for Manipulating Key Interest Rate

Sacramento, CA...California Attorney General Xavier Becerra today announced a $220 million multistate settlement with Deutsche Bank for fraudulent conduct involving the manipulation of the London Interbank Offered Rate (LIBOR). LIBOR is the rate at which banks lend money to one another. It is a key financial tool that determines interest rates for many financing mechanisms, including government and corporate bonds. Deutsche Bank colluded with other banks to skew borrowing rates in its favor, illegally profiting on contracts with municipalities linked to LIBOR. This unlawful strategy resulted in a sharp increase in profits for Deutsche Bank at the expense of government entities and non-profit organizations in California and throughout the country. Through the settlement announced today, California governmental and non-profit entities that invested with Deutsche Bank will receive approximately $29 million.




“During the financial crisis, Deutsche Bank was consumed with increasing its profits at the expense of Californians,” said Attorney General Becerra. “They manipulated interest rates hoping to turn a quick profit. In the process, they left government entities and non-profits in California hanging out to dry. This conduct is unacceptable and it is illegal. Banks and financial institutions do not get to play fast and loose with the law.”

The investigation was led by the attorneys general of California and New York and conducted by a working group of 43 other attorneys general: Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Attorney General Becerra’s investigation into the conduct of several other banks involved in setting LIBOR is ongoing. A copy of the settlement agreement is attached to the electronic version of this release at oag.ca.gov/news.

# # #


Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
Xavier Becerra
Posted on: 2017-10-25 12:28:19   By: Anonymous
 
la raza racist!

[Reply ]

    Re: Xavier Becerra
    Posted on: 2017-10-25 12:36:12   By: Anonymous
     
    ...and his tie sucks!

    [Reply ]

      Re: Xavier Becerra
      Posted on: 2017-10-25 18:48:30   By: Anonymous
       
      Pss in the pan compared to what the bank made.
      They will continue to do what they do unless some go to jail.
      The GOP just passed a pro bank bill in the Senate.
      The take- we're screwed, class action suits can't sue the banks.
      A big bank give away by the owned GOP.

      [Reply ]


What's Related
These might interest you as well
Local News

Calendar

phpws Business Directory

Photo Albums


Mark Twain Medical Center
Meadowmont Pharmacy
Century 21 Sierra Properties
Bear Valley Real Estate
Bear Valley Cross Country
Cedar Creek Realty
Cave, Mine & Zip Lines
Fox Security
Bistro Espresso
Pinnacle Physical Therapy
Chatom Winery
Middleton's Furniture
Bear Valley Mountain Resort
Paul D. Bertini
Premier Properties
High Country Spa & Stove

Ebbetts Pass Scenic Byway
Sierra Logging Museum
Calaveras Mentoriing
Jenny's Kitchen




Copyright © The Pine Tree 2005-2017