Ed Balls

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  Probe of Libor Scandal Set by British Parliament

  By Marlene Y. Satter, AdvisorOne  |  July 6, 2012

  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.

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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.

• British Budget Cuts Top Tax Rate, Deductions for Pensioners

  By Marlene Y. Satter, AdvisorOne  |  March 22, 2012

  Chancellor of the Exchequer George Osborne on Thursday prompted a chorus of jeers over the budget he unveiled, which cut the top tax rate on Britain’s wealthiest even as it eliminated tax deductions for pensioners.