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Libor Manipulation

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...

13 Banks Sued Over Libor Manipulation

Reuters | Karen Freifeld | Posted 11.24.2013 | Business

NEW YORK, Sept 23 (Reuters) - A U.S. credit union regulator on Wednesday sued 13 banks over alleged manipulation of LIBOR, claiming credit unions lost...

Report: Scandal-Plagued Libor Likely To Be Replaced

Reuters | Posted 05.13.2013 | Business

(Reuters) - A dual-track system, including survey-based lending rates along with transaction-linked indices, is likely to replace scandal-hit London i...

Mark Gongloff

Gold: The Next Libor Scandal? | Mark Gongloff | Posted 03.14.2013 | Business

The Libor scandal is so 2012 you guys, so so boring, but thank goodness we have a brand new market-rigging scandal to enjoy now, one that will enterta...

Banks Ask Judge To Throw Out Libor Lawsuits

Reuters | Posted 05.06.2013 | Business

By Bernard Vaughan NEW YORK, March 5 (Reuters) - Banks facing a barrage of lawsuits from customers accusing them of interest-rate rigg...

Shocking Theory For Who's Behind Libor Scandal

Reuters | Posted 04.24.2013 | Business

PARIS, Feb 22 (Reuters) - The European Commission suspects the existence of cartels involved in manipulating lending benchmarks such as Libor and Eu...

RBS Faces Criminal Libor Charges

The Huffington Post | Mark Gongloff | Posted 01.29.2013 | 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 Made Huge Profit On Libor During Crisis: Report

The Huffington Post | Mark Gongloff | Posted 01.10.2013 | Business

Back in 2008, when financial markets were chaotic and unpredictable, at least one large bank managed to turn a hefty profit with finely-tuned bets on ...

WATCH: Taibbi Slams Banks For Biggest Corruption Case In History

The Huffington Post | Harry Bradford | Posted 12.27.2012 | Business

A lot of things have ticked Matt Taibbi off over the last 12 months. There was JPMorgan’s London Whale scandal and the Justice Department's deci...

Banks and Persons

Christopher Brauchli | Posted 02.20.2013 | Business
Christopher Brauchli

It was just an unfortunate coincidence that the reports were almost juxtaposed -- the reports of the punishment given Stephanie George and that given HSBC and UBS. Stephanie, of course, was not the first.

Mark Gongloff

Libor Fraud Cost U.S. Taxpayers Billions: Report | Mark Gongloff | Posted 12.20.2012 | Business

Libor manipulation cost Fannie Mae and Freddie Mac more than $3 billion, according to an estimate by a government watchdog, who recommends the governm...

'I Will F***ing Do One Humongous Deal With You'

The Huffington Post | Mark Gongloff | Posted 12.19.2012 | 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...

Stinks To Be UBS Right Now

Reuters | Posted 02.14.2013 | Business

* UBS already predicted Q4 loss over investment bank restructure * Chairman Axel Weber involved in trying to prevent conviction ...

'This Was A Real Cover-Up'

Reuters | Posted 01.28.2013 | Business

* Deutsche Bank regulatory chief faces questions at Berlin hearing * Deutsche Bank has made provisions for Libor probe - board member...

Bank Could Get Fined Twice For Libor Rigging

Reuters | Posted 11.25.2012 | Business

LONDON (Reuters) - Royal Bank of Scotland is facing the increasing likelihood of having to settle separately with the UK and U.S. authorities investig...

Senators To Tim Geithner: You've Done Nothing To 'Diminish' Libor Rigging

Reuters | Posted 01.14.2013 | Business

By Douwe Miedema LONDON, Nov 14 (Reuters) - Two Republican senators said on Wednesday they would block the confirmation of the head of...

See You In Court, Barclays

Reuters | Posted 12.29.2012 | Business

* Guardian Care Homes says wrongly sold interest rate swaps * Judge rules Libor/mis-selling case must go to trial * Barc...

Bankers' Rigging Cost Desperate Cities, States BILLIONS

The Huffington Post | Mark Gongloff | Posted 10.09.2012 | Business

If you think Libor fraud is a victimless crime, the muni-bond market has 6 billion reasons it begs to differ. States, cities and other municipal bo...

Libor Fraud Is Hilarious, Traders Say

The Huffington Post | Mark Gongloff | Posted 09.26.2012 | Business

Libor is a joke. Don't get me wrong, the London Interbank Offered Rate, or Libor, is deadly serious business, affecting $350 trillion in derivative...

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...

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.

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 ...

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. ...

Mark Gongloff

'We Know We're Not Posting An Honest Libor' | Mark Gongloff | Posted 07.13.2012 | Business

The New York Federal Reserve on Friday released documents showing it knew banks were manipulating a key interest rate more than four years ago. The...

Tim Geithner Had Questions About Libor's 'Integrity' In 2008

The Huffington Post | Alexander Eichler | Posted 07.13.2012 | Business

Nobody in their right mind would want to become part of the Libor rate-rigging scandal. But that's what's happening to Treasury Secretary Timothy Geit...