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Geithner: Knew of LIBOR issue, initiated reform process in 2007
Nancy Marshall-Genzer Jul 25, 2012
Today as Treasury Secretary Timothy Geithner was officially presenting a report from the Financial Stability Oversight Council on the state of the economy, he was grilled about British banks' manipulation of the LIBOR interest rate.
Secretary Geithner facing questions of LIBOR
Nancy Marshall-Genzer Jul 25, 2012
Secretary Geithner is expected to tell the committee that the U.S. economy is starting to regain its footing, but still faces threats from uncertainty about government spending and taxes, and instability in Europe.
LIBOR rigging could be made a crime in Europe
Stephen Beard Jul 25, 2012
In the ongoing LIBOR interest rate rigging scandal, European lawmakers have proposed making interest rate rigging a crime.
Neil Barofsky on the failures of TARP
Jeff Horwich Jul 24, 2012
The Troubled Assets Relief Program -- TARP -- was the formal name for what we often just call "the bailout." In 2008 Congress allocated $700 billion to stabilize the U.S. financial industry. Congress and President Bush assigned one man to build a team, and police all that spending.
When regulations change: From baseball to banking
Jeremy Hobson Jul 20, 2012
Two years after the Dodd-Frank Law was enacted, many in the banking sector are still grumbling about the change in regulation. How does that compare to when the rules change in another American pastime: Baseball?
Four more banks under investigation in LIBOR scandal
Stephen Beard Jul 19, 2012
According to the Financial Times newspaper, four big European banks have joined Barclays in the not-so-prestigious club of financial institutions being investigated for rigging a benchmark lending rate called LIBOR.
Why it might be time to break up big banks
Chris Farrell Jul 19, 2012
As banks face scrutiny over questionable practices, Chris Farrell explains why breaking up some of our biggest banks would solve a lot of problems.
Bernanke likely to be queried about LIBOR scandal
John Dimsdale Jul 17, 2012
Senators are likely to question Federal Reserve chairman about what banking regulators knew about manipulation of key lending rate.
50 ways to rig your LIBOR
Heidi N. Moore Jul 16, 2012
As the scandal into rate-rigging grows, more theories and information are emerging about how, exactly, banks may have manipulated an important interest rate called LIBOR.
British lawmakers concerned over oil price reporting
Stephen Beard Jul 16, 2012
In the U.K. today, lawmakers are highlighting an overlooked G20 report that says oil price-reporting has some uncomfortable similarities to the LIBOR rate fixing scandal.
