Marketplace Morning Report

with David Brancaccio

Marketplace Morning Report for Thursday, August 16, 2012

Today there's word that a number of 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. Facebook, which went public in May with a stock price of $38 a share, is now down to around $21 a share. And today, that price could drop further, when a lockup ends and insiders are able to sell their shares. And as the worst drought in 50 years continues to send grain prices through the roof, several governors are asking the federal government to end a mandate that requires some of the nation's corn to be used for ethanol.

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The Canary Wharf headquarters of Barclays Bank, which is under investigation by the New York State Attorney General for possibly misleading and defrauding its dark pool clients.
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Marketplace Morning Report®, hosted by David Brancaccio, kicks your weekday off right. Now a regular segment on NPR’s Morning Edition®, it’s a dash of news to go with that first cup of coffee. Get a global perspective on what’s making the business news headlines, airing up to five times each morning.