Libor

• The biggest scandal in the world right now has nothing to do with sex or celebrities. Its about an interest rate called LIBOR, or the London Interbank Offered Rate. Most Americans probably never heard of LIBOR.
(NPR News)
• Barclays has been forced to admit that some of its traders frequently attempted to manipulate interest rates.
(Gulf News)
• The Commodity Futures Trading Commission's spectacular settlement with Barclays Bank over alleged LIBOR tampering speaks volumes for why regulation exists in the financial sector. But there is another shoe that has not fallen, at least not yet.
(Futures Magazine)
• LONDON, July 6 (Reuters) - A scandal over the rigging of the Libor interest rate that underpins financial contracts worth hundreds of trillions of dollars is likely to force regulators to reform the way it is set.
(Huffington Post)
• Here in the early stages of the Libor scandal — and, yes, this thing is far from over — there are two big surprises.
(New York Times)
• The U.K. Serious Fraud Office opened a criminal probe into the attempted rigging of interest rates that led to a record fine against Barclays Plc (BARC), adding to pressure on banks already under investigation by regulators around the globe.
(Businessweek)
• George Osborne has resurfaced after his most difficult period as chancellor with a highly politicised intervention to deflect Labour claims that the Tories are the party of bankers.
(The Guardian)
• A paper prepared by UBS for the Treasury in 2008, published by the Financial Times, suggested only legitimate policy improvements to improve the operation of a credit guarantee policy, the Opposition said.
(The Guardian)
• July 6 (Bloomberg) -- Royal Bank of Canada, the country's largest lender by assets, said it didn't collude with other banks in setting the London interbank offered rate, distancing itself from probes on whether banks rigged benchmark rates.
(San Francisco Gate)