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Excerpt from Article 1:

The interrogation room in which Iceland’s recent history was rewritten is sparse, furnished only with a table, some chairs, and a computer. A camera is fixed to the wall, and the frosted, double-glazed windows have completely blocked out the sound of the gale-force winds in Reykjavik’s Faxafloi Bay.

It was in this room that some of Iceland’s most powerful bankers, executives, and investors had to answer to special investigator Olaf Hauksson. A tall man with a heavy build, Haukkson has spent the past six years investigating the transactions that brought Iceland’s economy to its knees in October 2008.

At the time, the country’s three biggest banks folded within just three days, in part because their senior executives had illegally doctored the stock listings of their own banks. “Market manipulation”, as Hauksson curtly calls it.

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!!!!!BN2016-4-3HISTORIC LEAK1Image: Breaking News and Opinion on The Huffington Post

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Click link below for articles (read all articles):

http://panamapapers.sueddeutsche.de/en/

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Big Banks Plead Guilty To Market Manipulation, Will Pay $5.8 Billion

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Huffpost Business

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The age of multibillion-dollar bank fines with no admission of wrongdoing is over. The Justice Department announced Wednesday morning that five banks pleaded guilty to market manipulation, while also paying billions of dollars in fines.

Barclays, Citigroup, J.P. Morgan and the Royal Bank of Scotland admitted to illegally distorting foreign exchange markets. The banks formed what they called “The Cartel” and aimed to set a key currency marker, known as “the fix,” at mutually beneficial values.

The fix is set every day at 4 p.m. London time and is used in the more than $5 trillion currency market to determine the price of trades and the value of large institutional holdings. Traders at the banks used instant messaging chat rooms to discuss where to set the fix.

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!!!!!BN2015-5-20Busted1Image: Breaking News and Opinion on The Huffington Post

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Click link below for article:

http://www.huffingtonpost.com/2015/05/20/big-banks-guilty-fined_n_7342808.html

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