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More lies ahead in the LIBOR scandal
Heidi N. Moore Jul 16, 2012
The New York Federal Reserve Bank released documents showing concerns about LIBOR's credibility in 2007. What's the next show to drop?
LIBOR scandal spreads to U.S. cities
Heidi N. Moore Jul 11, 2012
Ripples from the LIBOR scandal have spread to U.S. cities. Some are suing to recoup overpayment due to alleged interest rate manipulation.
After LIBOR scandal, London fears losing financial crown
Stephen Beard Jul 6, 2012
While Wall Street had been bogged down by regulations and scandal, London took the crown for leading global financial center. Now, with the Barclays and LIBOR-rigging investigation, the British city could find itself being regulated as well.
Ex-Barclays CEO Bob Diamond testifies about LIBOR
Stephen Beard Jul 5, 2012
Diamond testified before a committee of the British parliament today about charges Barclays manipulated a key interest rate called the LIBOR. The bank's already been fined over $450 million, but it could be just the beginning of the fallout.
Scant detail in big banks' 'living wills'
Heidi N. Moore Nov 14, 2012
The nine biggest banks in the U.S. have submitted plans for how to avoid a taxpayer bailout if they become insolvent. But will these plans work?
Why Americans should care about LIBOR and Barclays
Heidi N. Moore Jul 3, 2012
Every American bank is involved in the investigation looking into whether Barclays engaged in a type of price fixing on a key global interest rate.
LIBOR For Mortals: An Easy Explainer
Heidi N. Moore Jul 8, 2012
An investigation into LIBOR -- a crucial interest-rate benchmark -- has resulted in a fine for Barclays and the resignation of its chairman, Marcus Agius. But what does it all mean for the average American? Easy Street is here to help.
Barclays chairman resigns, but fingers point at CEO
Stephen Beard Jul 2, 2012
The chairman of Barclays Bank in London resigned today. Last week, Barclays agreed to pay $450 million to settle allegations that it conspired to manipulate a key interest rate, and some say CEO Bob Diamond should step down as well.
Why a bank run is bad
Paddy Hirsch Jun 1, 2012
A bank run occurs when customers run down to the bank and demand their money back. So, why can't the bank just return the cash? Sr. Producer Paddy Hirsch explains using a human heart analogy.
JPMorgan's loss: A sign that Wall Street's mindset hasn't changed
Heidi N. Moore May 11, 2012
New York bureau chief Heidi Moore discusses why JPMorgan's $2 billion blunder is affecting markets worldwide and how big a $2 billion loss really is.
