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Former Barclays CEO answers questions on LIBOR rate fixing
Jul 4, 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.
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Newly resigned CEO of Barclays questioned by Parliament
Jul 4, 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.
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Barclays CEO Bob Diamond steps down
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.
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Barclays CEO, COO step down over LIBOR rate manipulation
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.
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Heads of Barclays resign after interest rate scandal
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.
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Barclays agrees to $450 million settlement over rate manipulation
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.
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Moody's downgrades: European or global problem?
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.
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After Moody's downgrade, will banks need bailouts?
Jun 22, 2012
After U.S. markets closed yesterday, the rating agency Moody's delivered more bad news -- this time to 15 of the world's largest banks, including the biggest American banks. The fine print of the downgrade hints at more bank bailouts down the road.
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Moody's downgrade 'for the banks' own good'
Jun 22, 2012
The credit rating agency Moody's slashed the ratings of 15 of the world's biggest banks, including most of the big guys here in the U.S.
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Moody's downgrades 15 major banks
Jun 22, 2012
The credit rating agency Moody's slashed the ratings of 15 of the world's biggest financial institutions, including Citigroup and Bank of America here in the U.S. and Barclays and Credit Suisse in Europe.
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