1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Dheeraj Grover
Dheeraj Grover
Articles (493) 

Dick Bove on Libor Manipulation Investigation

August 17, 2012 | About:

Well know banking analyst Dick Bove of Rochdale Securities discusses ongoing Libor Manipulation investigation. Seven banks are investigation by U.S. authorities for alleged rigging of LIBOR rate including JPMorgan Chase (JPM) and Citigroup (C).

-- Despite the scandal, Bove thinks banks are getting better and stronger and he doesn't see why not invest in U.S. banks.

-- He thinks the LIBOR system is broken and it is not a question of whether banks are manipulating it, but rather whether this rate should be used to base the interest rates of so many loans and securities.

Here is the video:

http://bloom.bg/N2WoKv

About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 4.0/5 (1 vote)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


phillesdiscount tang usa
phillesdisc ncav usa
phillesdisc ncav eur+uk
phillesdiscount tang eur+uk
calrjrOilies
ccastillo11Magic Formula
cpetrouRees Screen
ccastillo11Enterprising
DANGORDONROE3
DANGORDONROE2

Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK