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Barclays Libor Settlement

What Is Libor and Why Should I Care?

Andrew Verstein | Posted 01.23.2014 | Business
Andrew Verstein

Rabobank's $1.1 billion dollar settlement can serve as an opportunity to take stock again of what the Libor manipulation represents and where it stands.

Report: The Libor Scandal May Be Heating Up Again

Posted 10.20.2013 | Business

FRANKFURT (Reuters) - Deutsche Bank has started talks with some 50 employees as part of its investigation into possible manipulation of the Libor benc...

Libor To Be Taken Over After Global Rigging Scandal

Reuters | Posted 07.09.2013 | Business

LONDON, July 9 (Reuters) - NYSE Euronext, the operator of the New York Stock Exchange, has been chosen to run Libor, the benchmark interest rate that ...

Barclays Is Too Big To Fail, Or Manage

Mark Gongloff | Posted 06.03.2013 | Business
Mark Gongloff

A new report on how Barclays Capital ended up in its Libor mess is the latest evidence that banks that are too big to fail are also too big to manage.

Damning Report Blasts Bank's Toxic Culture

Reuters | Posted 06.03.2013 | Business

* Investment bank leaders ambiguous about right and wrong-report * Did not want to hear bad news * Bank put profit befo...

RBS To Pay $612 Million To Settle Libor Allegations

Reuters | Posted 02.06.2013 | Business

WASHINGTON (Reuters) - Britain's Royal Bank of Scotland Group Plc settled charges it had manipulated the Libor interest rate benchmark, the top U.S. d...

RBS To Settle Libor Allegations

The Huffington Post | Jillian Berman | Posted 02.06.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Bank Chair Raises Tantalizing Proposition

Reuters | Alexander Smith | Posted 01.25.2013 | Business

(Reuters) - UBS Chairman Axel Weber raised the possibility of an industry-wide settlement for the rest of the banks involved in the Libor rate fixing ...

Report: HSBC To Pay Record Fine To Resolve Money Laundering Allegations

Mark Gongloff | Posted 12.10.2012 | Business

This may be the world's largest wrist slap. British banking giant HSBC, Europe's biggest bank, is set to pay $1.9 billion to settle accusations tha...

Major U.S. Regulator On Libor: 'It Is Time For A New Or Revised Benchmark'

Reuters | Posted 11.24.2012 | Business

* U.S. derivatives watchdog says change or drop benchmark * CFTC head urges use of real rates, not estimates for benchmark ...

'We Want More'

Reuters | Posted 11.24.2012 | Business

* EU regulation and antitrust chiefs to appear in parliament * U.S. derivatives regulator Gensler also to testify * IOSC...

Central Bankers Won't Solve Huge Financial Scandal In One Weekend, Official Says

Reuters | Posted 11.07.2012 | Business

* Basel talks to start looking at Libor after rigging scandal * Carney says decisions will have to await Wheatley report ...

With New CEO, Comes 'A Look At The Culture'

Reuters | Posted 10.30.2012 | Business

By Sarah White LONDON, Aug 30 (Reuters) - A promised return to stability for scandal-hit Barclays is the last thing its shamed invest...

MTA Should Squeeze Banks, Not Riders. Be Our Guest

John Samuelsen | Posted 10.22.2012 | New York
John Samuelsen

Instead of raising fares and proposing to charge riders a fee when they have to purchase a new Metro Card, the MTA should be looking to recoup millions of dollars that the big banks may have improperly charged them.

WATCH: Reich Says Libor Scandal Shows How Easily Banks Can Cheat

Posted 08.22.2012 | Business

The Libor scandal is just another example of why big banks need to be broken up, according to Robert Reich. In an appearance on HuffPost Live Wedn...

Moving Money Laundering Investigations Into Top Gear

Frank Vogl | Posted 08.15.2012 | Business
Frank Vogl

Standard Chartered Bank has agreed to settle charges that it engaged in as much as $250 billion of illicit banking transactions on behalf of Iran in recent years. But this is not the end of its troubles. It's just the beginning.

Ex-Barclays Trader Fired For Libor Emails, 'Has Cooperated' With Probe

Reuters | Posted 10.10.2012 | Business

By Matthew Goldstein and Jennifer Ablan NEW YORK, Aug 10 (Reuters) - A former Barclays Plc trader who was fired by the bank for sendi...

Bank Discipline

Jeff Danziger | Posted 10.07.2012 | Politics
Jeff Danziger


Fired Barclays Trader's Activities From As Early As 2006 Draw Scrutiny In Libor Investigation

Reuters | Posted 10.04.2012 | Business

(Repeats story issued Friday, no changes to headline or text) * New York swaps trader was fired over Libor emails * Now ...

How to Fix the Banking Sector

Cyrus Moore | Posted 09.30.2012 | Business
Cyrus Moore

Until the culture within the banking sector is systematically overhauled by regulators whose policies reflect the moral code of our society as a whole, we will never put our banking sector in order.

Barclays Facing More Lawsuits, Investigation

The Huffington Post | Jillian Berman | Posted 07.27.2012 | Business

Thing One: Barclays' Bad News: Barclays just can’t seem to escape that pesky Libor scandal. The bank reported its earnings on Friday and revealed th...

New Investigation, More Lawsuits, $6.3 Billion Profit

Reuters | Posted 09.25.2012 | Business

* FSA investigating fee disclosures in 2008 capital raisings * More U.S. litigation starts over Libor scandal * Barclays...

Good Banks Turn Bad: Barclays, Libor and Me

Arianna Huffington | Posted 09.25.2012 | Business
Arianna Huffington

With 16 banks, including Barclays, being investigated for Libor manipulation and fraud, outrage is entirely appropriate. But when I first read this story, I had a somewhat different reaction due to my own personal Barclays story.

Departing Barclays Exec To Get Huge Goodbye Gift

Reuters | Posted 09.24.2012 | Business

July 25 (Reuters) - Jerry del Missier, who resigned as chief operating officer for Britain's Barclays bank earlier this month, will receive a cash p...

Watchdog: It Would Have Been Too Expensive To Try And Spot Rate-Rigging

Reuters | Posted 09.23.2012 | Business

LONDON, July 24 (Reuters) - Trying to spot whether the Libor interest rate was being manipulated by tiny amounts would be "prohibitively expensive" ...