Financial Services Authority

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  Parliament Report Slams Barclays, Banking Culture Over LIBOR

  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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  Banks Looking for ‘Scientific’ LIBOR Method

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

  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.

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  Criminal Probes Start in LIBOR Scandal

  By Marlene Y. Satter, AdvisorOne  |  July 27, 2012

  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.

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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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  Greek Bank Head Took Secret Loans to Finance Bank Stake

  By Marlene Y. Satter, AdvisorOne  |  July 16, 2012

  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.

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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.

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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.

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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.