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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.
Why Americans should care about LIBOR and Barclays
Heidi N. Moore Jul 3, 2012
Every American bank is involved in the investigation looking into whether Barclays engaged in a type of price fixing on a key global interest rate.
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.
Barclays CEO, COO step down over LIBOR rate manipulation
Jeff Horwich Jul 3, 2012
The CEO of Barclays Bank in London's is resigning -- and, just this hour it looks like we can add the COO -- the chief operating officer -- as well. Last week the bank settled with U.S. and European regulators over allegations it manipulated the "Libor" interest rates to its own advantage.
Heads of Barclays resign after interest rate scandal
Stephen Beard Jul 3, 2012
First, it was the chairman of the board said he was leaving his post; now it's the big man, Barclays CEO Bob Diamond who's stepping down effective immediately. The London-based financial services giant is accused of rigging the level of a key interest rate along with nearly two dozen other banks.
LIBOR For Mortals: An Easy Explainer
Heidi N. Moore Jul 8, 2012
An investigation into LIBOR -- a crucial interest-rate benchmark -- has resulted in a fine for Barclays and the resignation of its chairman, Marcus Agius. But what does it all mean for the average American? Easy Street is here to help.
Barclays chairman resigns, but fingers point at CEO
Stephen Beard Jul 2, 2012
The chairman of Barclays Bank in London resigned today. Last week, Barclays agreed to pay $450 million to settle allegations that it conspired to manipulate a key interest rate, and some say CEO Bob Diamond should step down as well.
Barclays agrees to $450 million settlement over rate manipulation
Paddy Hirsch Jun 27, 2012
Barclays Bank, based in London, is paying $450 million to settle securities investigations in the U.S. and the U.K. Regulators accused the bank of manipulating a critical interest rate -- the so-called "Libor" rate -- to its own advantage.
Moody's cuts ratings of major international banks
Heidi N. Moore Jun 22, 2012
Moody's has downgraded the credit ratings of 15 banks in Europe and North America -- that continues to rattle markets in Asia and Europe today so far.
Moody's downgrades: European or global problem?
Jeremy Hobson Jun 22, 2012
Global markets are down about a percent this morning after the rating agency Moody's downgraded the credit ratings of 15 of the largest banks in the world. Among them, European institutions -- but also big American banks like JP Morgan Chase and Bank of America.
