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Standard Chartered bank struggles against scandal
Christopher Werth Aug 7, 2012
Shares of the British bank Standard Chartered are tanking in London this morning -- down some 25 percent.
New York financial regulators say the bank concealed billions of dollars of illegal transactions for Iranian customers.
Standard Chartered shares down following Iran allegations
Karen Hoggan Aug 7, 2012
Standard Chartered could soon have its banking license revoked in the nation's financial center, because of allegations that the bank has been hiding tens of thousands of secret transactions with Iran.
How bank-rate rigging hits the real world
Heidi N. Moore Aug 6, 2012
The LIBOR rigging scandal extends beyond Wall Street. Local governments allege fake rates made budget shortfalls worse and hit public services.
The problems with big banking, from back in the '90s
Jeff Horwich Jul 30, 2012
Last week we spent plenty of breath on Sandy Weill, the former head of Citigroup. Back in the '90s, he fought for his and other banks to grow huge and complex. Then last week Weill goes on TV and says: "It's time to break up the big banks."
Are banks benefitting from CARD Act they lobbied against?
John Dimsdale Jul 26, 2012
A law restricting credit card acess for poor credit risks has resulted in fewer defaults.
Father of big banking Sandy Weill changes tune
Heidi N. Moore Jul 26, 2012
Sandy Weill, who engineered Citigroup and the creation of megabanks, says big banks should be split up. Will the debate now gain traction?
Former Citigroup CEO: Break up the banks
Jul 25, 2012
Former Citigroup CEO and anti-Glass-Steagall lobbyist Sandord Weill declared today that the major banks are too big and should be broken up.
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?
