LIBOR

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UBS could face a $1 billion LIBOR settlement

Dec 14, 2012
The Swiss banking giant UBS is reportedly headed for a $1 billion settlement over accusations it rigged LIBOR interest rates -- the benchmark for global lending.
Posted In: Banks, LIBOR, UBS

British regulators react to LIBOR scandal

Sep 28, 2012
After a recent scandal surrounding manipulation of a key interest rate, reforms are being proposed.
Posted In: LIBOR, British, banking

LIBOR scandal leads to calls for change

Sep 27, 2012
Reform is on the way after fraudulent manipulation of the London Interbank Offered Rate, or LIBOR, the rate used by many banks in lending to each other.
Posted In: LIBOR, banking, Barclays

British banking group gives up LIBOR power

Sep 26, 2012
A group representing British banks is giving up its responsibility for setting a key global interest rate. The British Bankers Association will no longer control LIBOR -- the London Interbank Offered Rate. That's the benchmark for hundreds of trillions of dollars in mortgages, student loans and other transactions around the world.
Posted In: LIBOR, banking

States pursuing banks on LIBOR rate rigging

Aug 16, 2012
The attorneys general of New York and Connecticut have sent subpoenas to several banks, including JPMorgan Chase and Citigroup. When it comes to banking scandals, it's state regulators who are out in front.
Posted In: Banks, LIBOR

LIBOR scandal reaches major U.S. banks

Aug 16, 2012
The other shoes have finally dropped in the LIBOR investigation. Seven other shoes, in fact. Attorneys general in New York and Connecticut have subpoenaed seven of the world's biggest banks, including Citigroup and JPMorgan Chase here in the U.S.
Posted In: Banks, LIBOR

States investigate JPMorgan, Citigroup, and others over LIBOR

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.
Posted In: Banks, LIBOR

Three steps to boost investor confidence

Aug 9, 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.
Posted In: Financial scandals, LIBOR, investor confidence, Banks, reform, Glass-Steagall, Paul Volcker

How bank-rate rigging hits the real world

Aug 6, 2012
The LIBOR rigging scandal extends beyond Wall Street. Local governments allege fake rates made budget shortfalls worse and hit public services.
Posted In: LIBOR, Banks, Barclays

Geithner: Knew of LIBOR issue, initiated reform process in 2007

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.
Posted In: Timothy Geithner, LIBOR

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