LIBOR Will Be Gone in 5 Years: Poll
A majority of investors surveyed around the world believe that LIBOR will be gone within five years, and a more tightly regulated benchmark will take its place.
Barclays Names Jenkins CEO
Antony Jenkins, head of Barclays' consumer business, is taking over the spot vacated by Bob Diamond in the heat of the LIBOR scandal.
Parliament Report Slams Barclays, Banking Culture Over LIBOR
A report issued by Britain’s Parliamentary Treasury Select Committee had harsh words for just about everyone involved in the LIBOR-rigging scandal.
Banks Looking for ‘Scientific’ LIBOR Method
They are trying to limit their liability even as London-based Barclays, hit with a record fine over its role in LIBOR manipulation, named a new chairman to replace the one felled by the scandal.
Criminal Probes Start in LIBOR Scandal
The LIBOR scandal churned on; criminal probes were launched by the U.K.’s Serious Fraud Office (SFO) while in the U.S., the Justice Department prepared to file charges.
BoE Governor Pushed for Barclays Chief’s Ouster
The British Parliament got an earful over the last couple of days as testimony continued in the LIBOR-fixing scandal.
Greek Bank Head Took Secret Loans to Finance Bank Stake
Greece’s fiscal troubles seemed to grow deeper with the revelation that companies owned by Piraeus Bank’s chairman and his children took out secret loans from a rival bank to pay for Piraeus shares.
LIBOR Manipulation May Have Spanned Decades
Reports of decades-long LIBOR manipulation surfaced and a survey of Wall Street executives showed that many believe that misconduct is not just acceptable behavior, but a key to success.
Probe of Libor Scandal Set by British Parliament
An investigation into the rigging of Libor has been set by the British Parliament as the City of London worries that its reputation as the world’s top financial center has been damaged beyond repair.
Bank of England Implicated by Barclays in Libor Fixing
Documents released by the bank indicate that he may have been given tacit approval by Paul Tucker, deputy BoE governor, to adjust Libor rates to be more in line with other banks after Whitehall expressed concern lest Barclays appear to be in trouble.