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Barclays

Barclays Uses Video To Make Sure Libor Rigging 'Never Happens Again'

The Huffington Post | Harry Bradford | Posted 07.28.2012 | Business

Everyone rest assured. As long as anyone lives, Barclays will never, ever again manipulate Libor interest rates. How can we be so sure? The company ma...

London Is Better Off Reformed (LIBOR)

Chris Brummer | Posted 07.27.2012 | Business
Chris Brummer

Poor London. They may have the Olympics, but the recent LIBOR scandal appears to be strike three in a ballgame full of regulatory gaffes that have left the city's reputation for governance tarnished in the eyes of the world's financial elite.

Libor Fraud Happening In 1991: Trader

Mark Gongloff | Posted 09.26.2012 | Business
Mark Gongloff

Tim Geithner claims he learned of Libor manipulation when the rest of us commoners did, in 2008. New evidence keeps coming out suggesting he should have known much, much earlier.

Ryan Grim

Elizabeth Warren On Libor: 'Go Get 'Em'

HuffingtonPost.com | Ryan Grim | Posted 07.27.2012 | Politics

WASHINGTON -- Now that the details of the global Libor interest-rate scandal are beginning to emerge more fully, the question becomes what, if anythin...

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...

Geithner: Regulators Dragged Feet On LIBOR Scandal Because 'These Things Take Time'

AP | MARCY GORDON | Posted 07.26.2012 | Business

WASHINGTON -- Treasury Secretary Timothy Geithner says regulators waited four years to penalize Barclays bank for trying to manipulate a key global be...

Barclays Support For Mitt Romney Slammed In Video, Parliament

The Huffington Post | Sabrina Siddiqui | Posted 07.26.2012 | Politics

As Mitt Romney raises money in London from bankers and lobbyists connected to the Libor rate-fixing scandal, liberal advocacy group Americans United f...

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.

Staffers At Scandal-Ridden Bank Boosting Romney Campaign

AP | ROBERT BARR | Posted 09.25.2012 | Business

LONDON (AP) — The former chief executive of Barclays dropped out of Mitt Romney's Thursday night fundraiser in London, but Bob Diamond had already s...

CEO Quits Amid Growing Insider Trading Scandal

Reuters | Posted 09.24.2012 | Business

* CEO to step down after insider trading scandal * Nomura says "high possibility" more insider trading cases to come * ...

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...

N.Y. Fed Silent On Barclays’ Admission Of Rigging Libor

Reuters | Sakthi Prasad | Posted 07.25.2012 | Business

Treasury Secretary Timothy Geithner, who was then head of the Federal Reserve Bank of New York, did not communicate in key meetings with top regulator...

The Imploding Banking Sector

Rev. Seamus P. Finn, OMI | Posted 09.23.2012 | Religion
Rev. Seamus P. Finn, OMI

If you are on the House Financial Services Committee or the Senate Banking committee or one of the regulators for the numerous corporations that operate in the financial services sector, you have had very little down time this summer.

Protesters Would Like Ex-Barclays CEO Off Their College's Board Of Trustees, Please

The Huffington Post | Alexander Eichler | Posted 07.24.2012 | Business

Bob Diamond has given millions to Colby College in the past decade. Some people at the school have a problem with that. On Saturday, protesters at ...

Prosecutors Reportedly Close To Making Libor Arrests

Reuters | Posted 07.22.2012 | Business

By Matthew Goldstein and Jennifer Ablan and Philipp Halstrick July 22 - U.S. prosecutors and European regulators are close to arresting individual ...

Joe Nocera: Another Week, Another Banking Scandal

The New York Times | JOE NOCERA | Posted 07.21.2012 | Business

Is it my imagination, or does every week bring news of another financial scandal? No, it’s not my imagination. First up: Peregrine Financial Grou...

Elizabeth Warren: 'Libor Fraud Exposes Rot At The Core'

The Huffington Post | Alexander Eichler | Posted 07.20.2012 | Business

Elizabeth Warren jumped into a growing chorus decrying the massive Libor manipulation on Thursday with a scathing editorial in the Washington Post. ...

Treasury Report: Libor Rate Flawed, Poses Risk To Financial Markets

AP | MARCY GORDON | Posted 09.19.2012 | Business

WASHINGTON (AP) — The process for setting a key global interest rate is flawed and poses a risk to the stability of financial markets, according to ...

Banks and Madoff -- Peas in a Pod

Christopher Brauchli | Posted 09.19.2012 | Business
Christopher Brauchli

There was something refreshing about Bernie Madoff. He robbed Peters to pay Pauls and it worked well until there were more Pauls than Peters. That is the difference between him and large financial institutions that cheat those with whom they deal. Bernie was not subtle.

Barclays Employee Steals £46,000 For Boob Job, Teeth Whitening

The Huffington Post | Katherine Bindley | Posted 07.17.2012 | Business

A 24-year-old clerk working for Barclays in Cornwall, U.K., allegedly stole £46,000 (nearly $72,000) from the bank and put the money toward breast im...

'We Are Truly Sorry': The 10 Most Famous Corporate Apologies

The Huffington Post | James Sunshine | Posted 07.17.2012 | Business

A picture may be worth a thousand words, but a solid apology is pretty good too. Most recently, Barclays posted an apology to its Facebook page, t...

Casper the Friendly Ghost Can't Control Wall Street

Leo W. Gerard | Posted 09.15.2012 | Business
Leo W. Gerard

Casper's airy little fist packed no wallop when it came to impeding high-risk betting on Wall Street, the LIBOR lending rate manipulation or the disappearance of client money at MFGlobal. There's a much better way than Casper to catch a bankster: pay them to turn each other in.

U.S. Building Criminal LIBOR Investigation

Reuters | Posted 09.13.2012 | Business

WASHINGTON, July 14 (Reuters) - The U.S. Justice Department is building criminal cases against several financial institutions and their employees re...

U.S. Builds Criminal Investigation Into Rate-Fixing

New York Times | Posted 09.13.2012 | Business

As regulators ramp up their global investigation into the manipulation of interest rates, the Justice Department has identified potential criminal wro...

Let Me Bore You With Tales of LIBOR -- or is it "LIE-BOR"?

Terry Connelly | Posted 09.13.2012 | Business
Terry Connelly

The next banking industry scandal to wash ashore in the US from Europe will be the matter of two periods of chicanery in the private association of global banks that set the basis for the so-called "LIBOR" interest rate.