London reaction muted with focus still on Libor scandal
MARK HENNESSY, London Editor BRITISH REACTION:�BRITISH PRIME minister David Cameron will face demands from Conservative MPs - even though they are furious with bankers over the Libor interest rate...
View ArticleBarclays Libor scandal: Ed Balls ‘failed to regulate banks’
Ed Balls has been accused of failing to regulate banks effectively at the time of the Barclays rate rigging scandal as a senior Labour politician admitted: "It's our fault". Ed Balls admitted Labour's...
View ArticleUPDATE 2-UK to launch parliamentary inquiry into Libor scandal
By Matt Falloon LONDON, July 2 (Reuters) - Britain's parliament will investigate an interest-rate fixing scandal that has rocked London's banking sector, in a wide-ranging inquiry which a source said...
View ArticleThe Ex-Banker Behind The LIBOR Probe Is Cracking The Whip On An Industry...
Gary Gensler SCOTUSblog Challenges Ruling That Lets Prosecutors Vindictively File Charges As Long As They Have Proof Grad Student's Interview With Wade Michael Page Reveals His Twisted Worldview The...
View ArticleLibor scandal: George Osborne to announce independent inquiry
Chancellor expected to stop short of ordering Leveson-style investigation into banking when he gives Commons statement George Osborne is expected to give a statement to the Commons about the banking...
View ArticleTaxpayer-backed Royal Bank of Scotland sacks 10 of its Traders over Libor...
Taxpayer-backed Royal Bank of Scotland has sacked 10 of its traders over their alleged role in the Libor-fixing scandal, sources said today. The revelation comes after the bank confirmed it is being...
View ArticleBob Diamond Was Pretty Annoying During The LIBOR Hearing
Andy Murray v David Ferrer – as it happend Gove's school food inquiry gets roasting from Jamie Oliver French government targets rich with tax rises George Entwistle appointed BBC director general...
View ArticleLibor scandal makes it more costly for bankers to get insured
Tweet BOSTON/LONDON: Some of the world's largest insurers for corporate directors and officers could be on the hook for hundreds of millions of dollars in claims over the next few years to cover legal...
View ArticleSo would Clegg have the guts to axe Huhne?
What if Energy Secretary Chris Huhne is charged by police in the coming days with trying to pervert the course of justice and — as is now being suggested — refuses to resign from the Cabinet prior to...
View ArticlePut bankers in the dock! MPs demand judicial inquiry into bank corruption...
MPs have called for a judicial inquiry into bank corruption scandal amid revelations that Barclays had three chances to act on market rigging. Following an extraordinary week of scandal and disgrace,...
View ArticleRBS sacks four of its traders over Libor-fixing scandal
The revelation comes after the bank confirmed it is being investigated for manipulating the rates at which banks lend to each other. Two of the traders were removed from their posts in October and a...
View ArticleBankers should be brought to trial if they have committed crimes, MPs demand
Bankers who have committed crimes must be brought to trial, Justice Secretary Ken Clarke insisted today. A full-scale Leveson-style inquiry into banking culture and practices has been called by MP as...
View ArticleBarclays bosses who lied in Libor-fixing scandal 'thought they were...
Barclays bosses involved in the Libor rate-fixing scandal believed they were operating under an instruction from the Bank of England's deputy governor Paul Tucker, it was reported today. Managers at...
View ArticleLibor scandal: bankers face taking oath before inquiry
The government has launched an all-party inquiry into the banking industry amidst the outcry over the rigging of Libor. Andrew Tyrie, chairman of the Treasury Select Committee, has been put in charge...
View ArticleBarclays chairman quits over Libor scandal
BARCLAYS chairman Marcus Agius quit on Monday, saying an interest rate rigging scandal had dealt "a devastating blow" to the bank’s reputation and "the buck stops with me". Mr Agius, chairman at...
View ArticleNow No10 calls the bankers to account as Cameron demands interest rate...
David Cameron and Ed Miliband were last night locked in a war of words about how to tackle banking reforms amid a growing public clamour for a clean-up of the City. Mr Cameron rejected calls by the...
View ArticleBankers fear reviews into interest-rate fixing scandal will be 'witch-hunt'
David Cameron has ordered two urgent reviews into the conduct of bankers in the wake of the Barclays interest-rate fixing scandal. David Cameron: Barclays bosses have questions to answer tag --> By...
View ArticleSerious Fraud Office close to criminal charges over Libor rigging scandal
Separate inquiry by the Financial Services Authority into Libor fixing scandal covers eight financial institutions, not just banks. Serious Fraud Office has concluded that Libor rigging falls under...
View ArticleTaxpayer-backed Royal Bank of Scotland sacked four of its traders over Libor...
Taxpayer-backed Royal Bank of Scotland has sacked four of its traders over their alleged role in the Libor-fixing scandal, sources said today. The revelation comes after the bank confirmed it is being...
View ArticleBankers found to have rigged Libor rate could face jail
The Serious Fraud Office (SFO) has warned it will bring criminal charges against bankers involved in Libor rigging. Bankers found guilty of Libor rigging could face a prison sentence of up to 10 years...
View ArticleBarclays chair tipped to resign over Libor scandal
The chairman of Barclays Bank will reportedly step down after it was fined for attempting to manipulate the inter-bank lending rate. Marcus Agius will announce later today that he is to leave his post...
View ArticleBankers in interest-rate scandal may face fraud charges, says SFO
The Serious Fraud Office (SFO) said it was investigating whether it was possible to bring criminal charges against executives who manipulated the London Interbank Offered Rate (Libor) and would decide...
View ArticleBarclays Bankers On Libor Scandal: We Look Like 'Crooks And Fools'
Former Barclays Chief Executive Bob Diamond leaves after giving evidence to the Treasury Select Committee at Portcullis House, central London Wednesday July 4, 2012. Barclays bankers are furious about...
View ArticleBarclays Libor scandal: Cameron and co know all the scandalous practices...
PETER MCKAY: David Cameron says...
View ArticleCameron and co know all the scandalous practices that go on in banking but...
PETER MCKAY: David Cameron says...
View ArticleBritain backs crackdown on bankers after Libor scandal
AFP - Britain announced plans on Wednesday to make it a criminal offence to manipulate interbank Libor lending rates, backing the findings of a major report into the Barclays rate-rigging scandal. The...
View ArticleDozens Likely Implicated in UBS Libor Deal
About three dozen bankers and senior managers will be implicated in the alleged rigging of Libor interest rates when UBS settles with global regulators later this week, according to people familiar...
View ArticleLibor scandal: More than 30 UBS bankers 'to be implicated in rate rigging'
About three dozen bankers and managers at Swiss banking giant UBS are expected to be named on Wednesday as part of a global investigation into alleged rigging of the key Libor interest rate. UBS is...
View ArticleTop RBS bankers may pay the price for Libor scandal
Senior staff may go as part of deal with regulators, but Stephen Hester's job thought to be safe The potential for resignations at RBS emerged as four former top bankers at UBS appeared before the...
View ArticleTimeline: How the Libor scandal unfolded
(Reuters) - Libor, the London interbank offered rate, is a global benchmark for interest rates on everything from credit cards to trillions of dollars in financial derivatives and is at the heart of a...
View ArticleOsborne warns bankers Libor fines will come out of bonuses
George Osborne's staff claim the chancellor has "laid down the law" to bankers, saying that fines for the Libor rate-rigging scandal must come out of their bonuses. State-backed Royal Bank of Scotland...
View ArticleRBS bankers not taxpayers must pay Libor-rigging fine, chancellor says
George Osborne said to have told RBS that bankers' bonuses and perks should be used to pay fine of up to £350m RBS is rumoured to be preparing to hold back some perks in preparation for fines in...
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