Bank of England

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  Regulators Question Interest Rates From Sweden to Singapore

  By Marlene Y. Satter, AdvisorOne  |  July 19, 2012

  Regulators are questioning how interest rates are set across the globe—not just LIBOR and EURIBOR, but also various in-country rates.

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  BoE Governor Pushed for Barclays Chief’s Ouster

  By Marlene Y. Satter, AdvisorOne  |  July 17, 2012

  The British Parliament got an earful over the last couple of days as testimony continued in the LIBOR-fixing scandal.

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  LIBOR Manipulation May Have Spanned Decades

  By Marlene Y. Satter, AdvisorOne  |  July 10, 2012

  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.

• BoE’s Tucker Will Testify on Barclays, Libor

  By Marlene Y. Satter, AdvisorOne  |  July 9, 2012

  Paul Tucker, deputy governor of the Bank of England, was to appear before Parliament to give his version of events described in a memo written by Bob Diamond, former CEO of Barclays.

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  Hussman’s Scary Question: ‘What if Fed Throws a QE3 and Nobody Comes?’

  By Gil Weinreich, AdvisorOne  |  July 9, 2012

  The noted portfolio manager, who believes a global recession is already unfolding, says problems can’t be solved by ‘more reckless bubble-blowing’ by the Fed.

• ECB Cuts Rates to 0.75%, Deposit Rates to Zero

  By Marlene Y. Satter, AdvisorOne  |  July 5, 2012

  The European Central Bank (ECB) cut its benchmark rate from an already-low 1% to a new record of 0.75%, in the hope that it would kickstart an economy on the skids.

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  Barclays’ Diamond Blames Libor Fixing on Other Banks, Regulators

  By Marlene Y. Satter, AdvisorOne  |  July 5, 2012

  Moody’s cuts Barclays' outlook; investors may be on the hook for losses.

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  Bank of England Implicated by Barclays in Libor Fixing

  By Marlene Y. Satter, AdvisorOne  |  July 4, 2012

  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.

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  Barclays’ Chief Quits as Outcry Over Libor Grows

  By Marlene Y. Satter, AdvisorOne  |  July 3, 2012

  A day after he insisted he had no intention of stepping down, Bob Diamond resigned as head of Barclays Bank effective immediately, bowing to pressure from lawmakers outraged over the manipulation of Libor rates on his watch.

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  Diamond Pressured as Barclays’ Agius Steps Down

  By Marlene Y. Satter, AdvisorOne  |  July 2, 2012

  Barclays Chairman Marcus Agius resigned from his post after a LIBOR-rigging scandal resulted in a fine of 290 million pounds. CEO Bob Diamond remained at the helm despite calls for his ouster.