Libor Scandal

• Treasury Secretary Timothy F. Geithner has said that he sounded the alarm four years ago to regulators about problems with the benchmark interest rate known as Libor.
(Huffington Post)
• When battling wildfires very often firefighters will scorch the earth and sacrifice acreage and property as a defensive mechanism against the wildfire taking over and destroying even more valued territory.
(The Business Insider)
• The Libor rate rigging scandal has created "a very major problem" for the City of London because it has destroyed public trust in a sector that remains a huge contributor to the economy, warns Lord Turner, head of the UK financial watchdog.
(Financial Times)
• Mitt Romney heads to London this week as part of a larger European tour, which will also take him to Israel and Poland. While in London, the former Massachusetts Governor is scheduled to attend two campaign fundraisers for U.S.
(Yahoo Finance)
• A new scandal in the banking industry is undermining its image, already tarnished by rogue trading at JPMorgan Chase and the 2008 subprime mortgage collapse.
(USA Today)
• Bank staff found guilty of future attempts to rig interbank lending rates may face jail under European Union plans to prevent any repeat of the global scandal engulfing Libor.
(Businessweek)
• More than 3 weeks after the Barclays (BCS) Libor scandal hit the headlines its still hard to find any organic outrage.
(Yahoo Finance)
• COPENHAGEN--The UK Libor rate scandal has sparked a lively debate about the Danish equivalent, the Copenhagen interbank offered rate, and prompted a government probe into the setting of the Cibor.
(Marketwatch)