Barnier calls for 'strong and robust' response to Libor scandal
The Socialist deputy said, "The extent and gravity of the Libor interest rate rigging scandal has led us to this urgent hearing of our committee, to call in the banks and regulators to answer for their failures and manipulation.www.theparliament.com
Libor has not hurt Tucker's chances of top BoE job - Cable
LONDON (Reuters) - Bank of England deputy governor Paul Tucker's chances of succeeding Mervyn King as governor remain intact despite his failure to spot the full extent of the Libor rate-rigging scandal, business minister Vince Cable said on Monday.www.iii.co.uk
Wheels Of Libor Justice Turn Very Slowly Indeed: Seven And A Half Things To ...
Barclays was the first bank to pay big fines in the Libor rate-rigging scandal, over which probably no one will go to jail.www.huffingtonpost.com
Barclays appoints new CEO amid ongoing scandals
Barclays has picked its retail boss Antony Jenkins to be its new CEO, who will succeed Bob Diamond after he stepped down in wake of a Libor rate rigging scandal, with CNBC's Kayla Tausche. By Roland Jones, NBC News. The U.K.'s Barclays Bank ...marketday.nbcnews.com
Banks may face claims worth billions over rate-rigging
The interest-rate fixing scandal that rocked the financial world earlier this summer looks set to rear its ugly head again.marketday.nbcnews.com
EU Seeks Views on Libor Overhaul Plans in Rate-Rigging Response
The European Commission is seeking views on possible rules to overhaul Libor, Euribor and other so- called market benchmarks in the wake of the scandal over interbank lending rates. European Union regulators are weighing options such as forcing banks ...www.bloomberg.com
Insurers risk bank-inspired crackdown: Lloyd's CEO
MONACO (Reuters) - Insurers could be caught up in a fresh regulatory backlash triggered by banking scandals such as the Libor rate-rigging affair, the head of the Lloyd's of London insurance market said. "We are always having to deal with the fallout ...www.reuters.com
Experts Warned CFTC About Potential Libor Rigging 15 Years Ago
The Commodity Futures Trading Commission has led the investigation into the Libor rate-rigging scandal. They have pursued civil charges, and worked with the Justice Department on criminal ones.news.firedoglake.com
Finance Lobbyists Press for Libor Regulation, Resist Replacement
Lobbyists for the banking and asset-management industries are pushing for greater regulation of Libor and are resisting pressure to replace the benchmark in the wake of the rate-rigging scandal. Firms and employees who contribute to interest rates ...www.businessweek.com
Big Change to Put Customers First, Not Bankers
We thought we'd seen banking at its lowest point when the public were forced to bail out the banks four years ago, but since then we've seen the libor rate-rigging scandal and continued mis-selling. All the while the bankers who presided over ...www.huffingtonpost.co.uk
Libor in a Fix
Libor was at the center of a rate-rigging scandal in June when U.S. and U.K. regulators hit Barclays with fines of $451 million for manipulating its rate submissions to the British Bankers' Assn.www3.cfo.com
FSA warned Barclays on Diamond approval
0 comments · Print; AA. Britain's financial regulator warned Barclays PLC two years ago that its approval of Bob Diamond as chief executive could change if there was an adverse outcome from the Libor interest rate rigging investigation, documents ...www.theglobeandmail.com
UK's RBS faces Libor fine of up to $480 mln - FT
LONDON, Sept 8 (Reuters) - Royal Bank of Scotland is facing a fine of between 200 million pounds and 300 million pounds ($481 million) for its role in a global interest rate rigging scandal, the Financial Times reported on Saturday without citing sources.www.reuters.com
Bank Of Canada Governor Mark Carney: Libor Scandal Won't Be Solved This ...
Bank of England Governor Mervyn King put the Libor issue on the agenda of the Sunday meeting of the Economic Consultative Committee of global central bankers because a rate-rigging scandal has called the integrity of Libor, the London Interbank Offered ...www.huffingtonpost.com
Wall Street Scandals Fill Lawyers' Pockets
While many of the recent scandals have been relatively isolated, the scope of the rate-rigging scandal has been vast, encompassing 16 banks.dealbook.nytimes.com
Barclays to scale back investment banking
He replaced US national Bob Diamond, who resigned in July over the notorious Libor rate-rigging scandal. As well as the Libor case, which has cost the bank £290 million ($448 million) in fines, Barclays has been involved in a payment protection ...www.smh.com.au
Libor Probe Claims Barclays Executive and a Trader
The fallout from an investigation into the attempted manipulation of global benchmark interest rates has again rocked Barclays Plc, as the bank recently ousted a top executive and a trader in New York for their roles in the scandal, according to ...www.moneynews.com
Reputation before profit a must, says Barclays new chairman
David Walker, speaking before a parliamentary commission on banking standards in the wake of Barclays' Libor rate-rigging scandal, also called for a shake-up of excessive remuneration and incentives offered to bankers. "If anyone in the organisation ...www.brecorder.com
FSA warned Barclays on Diamond approval
Britain's financial regulator warned Barclays Plc two years ago that its approval of Bob Diamond as chief executive could change if there was an adverse outcome from the Libor interest rate rigging investigation, documents showed. Andrew Tyrie, the ...www.business-standard.com
UK regulator warned Barclays on Diamond approval
LONDON (Reuters) - Britain's financial regulator warned Barclays Plc two years ago that its approval of Bob Diamond as chief executive could change if there was an adverse outcome from the Libor interest rate rigging investigation, documents showed ...www.reuters.com
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