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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.
Goldman to open private bank
Heidi N. Moore Jul 17, 2012
In the face of a tough banking market and disappointing earnings, Goldman Sachs announced this week that it will build a private bank -- joining the ranks of UBS and U.S. Trust and others -- that will manage and lend money to very wealthy individuals and companies.
HSBC faces hearing for money-laundering lapses
Stephen Beard Jul 17, 2012
A congressional watchdog panel will be grilling executives from the British bank HSBC about -- get this -- money laundering, drugs and terrorist financing.
Pew poll: 2% of Greeks have good opinion of their economy
Jeremy Hobson Jul 13, 2012
In a poll of a thousand Greeks, 2 percent said the country has a good national economic situation.
The question of adequate financial regulations
Juli Niemann Jul 11, 2012
News this morning that Bob Diamond, the former head of Barclay's bank has given up $30 million in bonuses after resigning over that interest rate rigging scandal. And the scandal has brought up the issue -- yet again -- of whether current regulations on the financial industry are adequate.
In Germany, holidays are 'uber alles'
Caitlan Carroll Jul 6, 2012
German's seem to be the responsible, hard working sibling in the European Union, but they know when to relax.
British Parliament investigating London's financial center
Stephen Beard Jul 6, 2012
The British Parliament has started investigating the ethics of London's financial center. This follows that big scandal involving the British bank Barclays, which was fined a half billion dollars for rigging a key interest rate called LIBOR.
Former Barclays CEO answers questions on LIBOR rate fixing
Stephen Beard Jul 5, 2012
Yesterday Bob Diamond resigned as CEO of Barclays Bank, and this hour he's sitting before a Parliamentary committee in London. Parliament is investigating the possible manipulation of interest rates by Barclays and other banks.
Newly resigned CEO of Barclays questioned by Parliament
Stephen Beard Jul 5, 2012
Today the freshly resigned CEO of Barclays Bank goes before a parliamentary committee in London. Parliament is investigating the possible manipulation of interest rates by Barclays and other banks.
Barclays CEO Bob Diamond steps down
Stephen Beard Jul 3, 2012
The CEO of Barclays bank is out. Bob Diamond is leaving amid a scandal over banks colluding to fix the price of one of the most important interest rates in the world.
