RBS reports $2.7b loss, warns of fines over rate-rigging scam
State-rescued RBS posted a third-quarter net loss of 1.384 billion pounds (S$2.73 billion) on massive accounting charges and warned it would likely face fines over the Libor rate-rigging scandal. -- PHOTO: AFP. LONDON (AFP) - State-rescued Royal Bank ...www.straitstimes.com
UK's Barclays looks to move on from Libor scandal
LONDON (Reuters) - Barclays reports third-quarter results on Wednesday, with new chief executive Antony Jenkins aiming to restore some stability after a tumultuous summer for the UK bank dominated by fallout from the Libor interest rate rigging scandal.articles.chicagotribune.com
Timothy Geithner's Handling Of Libor Scandal Draws Criticism From Senators ...
... Two Republican senators said on Wednesday they would block the confirmation of the head of a new U.S. regulatory office because they are unhappy about the way Treasury Secretary Timothy Geithner has handled the Libor rate-rigging scandal.www.huffingtonpost.com
Inverness to host banking inquiry in wake of Libor scandal
Highland MP John Thurso is to lead the Scotland panel for the Parliamentary Commission on Banking Standards, which was set up in the wake of the Libor rate-rigging scandal. The session in Inverness, which will hear evidence on December 3 before ...www.scotsman.com
BBA Outlines Plans to Scale Back Libor Rates After Scandal
The British Bankers' Association, the lobby group that oversees Libor, proposed cutting the number of currencies and maturities included in the benchmark within the next five months following the rate-rigging scandal. The lobby group plans to end ...www.businessweek.com
GOP senators blocking Treasury nominee over interest rate scandal
A pair of Republican senators are blocking a Treasury Department nominee because Treasury Secretary Timothy Geithner has not responded to their questions on an ongoing interest rate rigging scandal. Sens. Chuck Grassley (Iowa) and Mark Kirk (Ill ...thehill.com
Libor Probe Wrangle
Nearly five months after the fierce public reaction to British banking giant Barclays PLC's settlement of rate-rigging allegations with U.S.online.wsj.com
Adoboli affair rocks London's scandal-hit financial hub
The Commission, a scrutiny panel set up by Osborne, is looking into banking standards and culture in the wake of scandals that include Libor rate-rigging, product mis-selling and money laundering. Osborne's warning came as he appeared to back the ...www.google.com
Marcus Agius is lined up for second coming at Barclays
Marcus Agius, the former chairman of Barclays who resigned over the Libor-rate rigging scandal, may be kept on in a lucrative consultancy role, it has emerged.www.thisismoney.co.uk
BBA board looks at merger options
Following the recent rate-rigging scandal, Financial Conduct Authority chief executive designate Martin Wheatley recommended reforms for the administration and submission of Libor. In October, the Government accepted the proposals, which will see a new ...www.moneymarketing.co.uk
RBS Irish unit fined $2.5 million over capital rules
RBS is already under investigation by U.S. and UK authorities over the Libor interest rate rigging scandal and for possible breaches of U.S.www.chicagotribune.com
France probes complaint of Libor rate rigging
The scandal erupted when Barclays bank was fined £290 million ($470 million, 363 million euros) by British and US regulators for attempted manipulation of Libor and Euribor interbank rates between 2005 and 2009. Britain's Barclays bank is the only bank ...www.brecorder.com
FSA to probe report of manipulation
The newspaper added that the scandal echoed the Libor rate-rigging affair that blighted the nation's banking sector.www.perthnow.com.au
Libor Scandal: SFO Expects 'Major Developments' in Case After Arrest Report
Bloomberg reporterd earlier today that traders from UBS and the Royal Bank of Scotland and Barclays could be arrested as part of the months-long probe into allegations of rate rigging in the bank rate known as Libor, which underpins the value of more ...www.ibtimes.co.uk
Mark Leftly: Gardens not so rosy for ex-Barclays man Agius
Outlook After a horrific summer that saw shareholders revolt over chief executive Bob Diamond's £17m pay package and the Libor rate-rigging scandal, Marcus Agius must be relieved today is his last as chairman of Barclays. For a start, he can roam Kew ...www.independent.co.uk
Deutsche Bank's Jain Declines to Attend Bundestag Libor Hearing
Deutsche Bank is one of at least a dozen banks being probed over allegations of interest-rate rigging. Regulators from Canada to Switzerland are investigating whether banks lied ... "Deutsche Bank is looking to keep Jain as far from the Libor scandal ...www.sfgate.com
Osborne urges bank reforms support
I don't think this is the point at which we want to say, let's go back to square one," the Chancellor said. Set up by Osborne, the Commission is looking into banking standards and culture in the wake of the Libor rate-rigging scandal that has rocked ...www.google.com
Banks reserve £10 bn for PPI compensation
That brought its provision to $2.1 billion, about a fifth of the £10 billion total set aside by Britain's banks, which have also been rocked by humbling state bailouts, money-laundering and the Libor rate-rigging scandal. PPI is "turning out to be the ...www.google.com
Costs growing for scandal-plagued HSBC
The bank has been under fire for misleading clients regarding the purchase of certain kinds of insurance that prevented most policyholders from filing a claim.buzz.money.cnn.com
British banks set aside £10 bn to compensate clients
That brought its provision to $2.1 billion, about a fifth of the £10 billion ($16 billion, 12.5 billion euros) total set aside by Britain's banks, which have also been rocked by humbling state bailouts, money-laundering and the Libor rate-rigging scandal.www.google.com
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