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By Marlene Y. Satter, AdvisorOne |
August 30, 2012
Antony Jenkins, head of Barclays' consumer business, is taking over the spot vacated by Bob Diamond in the heat of the LIBOR scandal.
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By Marlene Y. Satter, AdvisorOne |
August 20, 2012
A report issued by Britain’s Parliamentary Treasury Select Committee had harsh words for just about everyone involved in the LIBOR-rigging scandal.
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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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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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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.
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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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By John Sullivan, AdvisorOne |
July 5, 2012
Fink says no full recovery in United States until 2014; adds that the resignation of Barclay’s Diamond is “sad for me.”
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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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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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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.