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Barclays Libor Fixing

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...

Geithner Slammed Over Libor

Reuters | Posted 12.02.2012 | Business

* Geithner knew Libor issues in 2008 * U.S. agencies already investigating banks and Libor By Sarah N. Lynch and Alexand...

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...

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...

Lawmakers Rip Ex-Barclays CEO Over 'Highly Selective' Libor Testimony

AP | DAVID STRINGER | Posted 10.18.2012 | Business

LONDON -- Former Barclays CEO Bob Diamond offered a "highly selective" account to a parliamentary hearing on the banking rate-fixing scandal, British ...

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 ...

British Regulator: Libor No Longer 'Fit For Purpose'

Reuters | Posted 10.09.2012 | Business

* Alternatives to Libor to be found for some contracts * Regulation could extend to other benchmarks * Wheatley says BBA...

Bank Discipline

Jeff Danziger | Posted 10.07.2012 | Politics
Jeff Danziger

2012-08-07-Dannnzzz.jpg

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 ...

'Ginormous' Libor Scandal: Bank Sues 16 Others Over Rate-Rigging

The Huffington Post | Alexander Eichler | Posted 07.30.2012 | Business

The Libor lawsuits keep piling up. Last week, New York-based Berkshire Bank filed a class-action suit against the 16 banks responsible for setting ...

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.

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...

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...

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 ...

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" ...

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.

How About 'Mr. Victim?'

Brandon L. Garrett | Posted 09.18.2012 | Business
Brandon L. Garrett

Hundreds of trillions of dollars in trades rely on those rates -- so do student loans, mortgages and credit cards. Who is following the money?

Banks Had A Libor Fraud Co-Op: Reports

The Huffington Post | Mark Gongloff | Posted 07.19.2012 | Business

Thing One: All Together Now: Stringer Bell would be so proud. Just as The Wire's business-savvy drug dealer organized a cooperative of Baltimore dr...

Barclays Chairman: Larger Libor Investigation Will Put Our Role 'In Perspective'

Posted 07.16.2012 | Business

Barclays officials wants you to know: They weren't the only bank rigging the Libor rate, thank you very much. Marcus Agius, the chairman of Barcla...

U.S. States Probing Banks Over Rate-Rigging Scandal

Reuters | Posted 09.14.2012 | Business

By Karen Freifeld NEW YORK, July 15 (Reuters) - New York Attorney General Eric Schneiderman has launched a probe into ...

U.S. Banks Could Be Hit Hard By Rate-Rigging Scandal

Reuters | Posted 09.12.2012 | Business

* Suits harder and costlier to win in Britain * 2010 U.S. Supreme Court ruling crimped legal tourism By Chris Vellacott ...

Banks May Pay Big Time To Settle Scandal

Reuters | Posted 09.11.2012 | Business

July 12 (Reuters) - A group of 11 global banks linked to the Libor scandal may face $14 billion in regulatory and legal settlement costs through 201...