Pages
British regulators react to LIBOR scandal
Stephen Beard Sep 28, 2012
After a recent scandal surrounding manipulation of a key interest rate, reforms are being proposed.
LIBOR scandal leads to calls for change
Stephen Beard Sep 28, 2012
Reform is on the way after fraudulent manipulation of the London Interbank Offered Rate, or LIBOR, the rate used by many banks in lending to each other.
British banking group gives up LIBOR power
Stephen Beard Sep 26, 2012
A group representing British banks is giving up its responsibility for setting a key global interest rate. The British Bankers Association will no longer control LIBOR -- the London Interbank Offered Rate. That's the benchmark for hundreds of trillions
of dollars in mortgages, student loans and other transactions around the world.
Banker's arrest sends Vietnamese markets spiraling
Jeremy Hobson Aug 27, 2012
Vietnam has been on a roller coaster ride for a week. The turmoil was caused by one banker arrested for financial crimes.
More credit unions adding and raising fees
Bob Moon Aug 17, 2012
Credit unions used to be a banking oasis free from fees. But slowly, credit unions are starting to charge for checking accounts and raising minimums to avoid fees.
Who is responsible for foreclosed homes?
Tess Vigeland Aug 20, 2012
An LAPD police officer gives a tour of his precinct in Watts and the blight foreclosed homes have wrought upon the neighborhood. The City of Los Angeles says the banks who own the homes should be responsible for the upkeep of the foreclosures.
States pursuing banks on LIBOR rate rigging
Heidi N. Moore Aug 16, 2012
The attorneys general of New York and Connecticut have sent subpoenas to several banks, including JPMorgan Chase and Citigroup. When it comes to banking scandals, it's state regulators who are out in front.
The shift from pro-market to pro-business
Jeff Horwich Aug 16, 2012
In the midst of the U.S. financial crisis, the economist Luigi Zingales became known for hyping a "managed bankruptcy" for the big banks. That way the banks' private investors, creditors and executives would bear most of the costs of their bad investments.
LIBOR scandal reaches major U.S. banks
Jeff Horwich Aug 16, 2012
The other shoes have finally dropped in the LIBOR investigation. Seven other shoes, in fact. Attorneys general in New York and Connecticut have subpoenaed seven of the world's biggest banks, including Citigroup and JPMorgan Chase here in the U.S.
States investigate JPMorgan, Citigroup, and others over LIBOR
Heidi N. Moore Aug 16, 2012
today, there's word that a number of other banks -- including JPMorgan Chase and Citigroup -- are being subpoenaed by regulators in New York and Connecticut. It's all about charges that the banks rigged an interest rate called LIBOR.
