Chijioke Oji

Chijioke Oji is a researcher in the Economic Diplomacy Programme of the South African Institute of International Relations (SAIIA).

Barclays Bank: Colluding to Manipulate LIBOR

CASE STUDY. In late June 2012, the results of a long-term investigation by the United Kingdom’s (UK) financial watchdog, Financial Services Authorities (FSA), revealed that derivatives traders and bankers at Barclays bank had been colluding to influence submissions that influenced the London Interbank Offered Rate (LIBOR) and the European Interbank Offered Rate (EURIBOR).

Deutsche Bank AG: Spying on Stakeholders

CASE STUDY. In May 2009, news of Deutsche Bank’s spying operations became public. Over a period of six years, the bank’s corporate security department had conducted secret surveillance of certain employees, board members and shareholders.

Lehman Brothers: The Fall from Grace

CASE STUDY. On 15 September 2008, Lehman Brothers Holdings Inc. filed for bankruptcy protection at the United States Bankruptcy Court in Manhattan, New York.

Nomura Group: Trading with Privileged Information

CASE STUDY. In late March 2012, the Securities Exchange and Surveillance Commission (SESC), the investigative unit of the Japanese Financial Services Authority (FSA), confirmed that Nomura Securities Co., Ltd (NSC) – a subsidiary of Nomura Holdings, Inc. – had been involved in insider trading.