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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.
Three steps to boost investor confidence
Chris Farrell Aug 10, 2012
Banks are still huge, financial scandals still break -- even after the recession revealed flaws in the financial system. A commentator gives his short-and-sweet solution.
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.
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.
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.
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.
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