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Why Lehman still exists 10 years after its collapse

Sep 10, 2018
The investment bank's failure triggered nearly 80 bankruptcy proceedings involving hundreds of its subsidiaries.
An employee poses with part of a Lehman Brothers sign at Christie's auction house in London in 2010.

Investment bankers don't approve of casual Fridays

Oct 2, 2013
Barclays gets super-casual Fridays -- sneakers and jeans allowed -- but old-time bankers aren't impressed.

The temp agency for CFOs

Aug 14, 2013
What does a company do when it's suddenly left without a CFO?

Barclays shuts down cash transfer businesses to prevent money laundering

Jul 10, 2013
Some fear the closures could hurt immigrants -- Somali expatriates in particular -- who rely on the transfer services to send funds back home.

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.

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.

LIBOR scandal spreads to U.S. cities

Jul 11, 2012
Ripples from the LIBOR scandal have spread to U.S. cities. Some are suing to recoup overpayment due to alleged interest rate manipulation.

For public good, not for profit.

After LIBOR scandal, London fears losing financial crown

Jul 6, 2012
While Wall Street had been bogged down by regulations and scandal, London took the crown for leading global financial center. Now, with the Barclays and LIBOR-rigging investigation, the British city could find itself being regulated as well.

British Parliament investigating London's financial center

Jul 6, 2012
The British Parliament has started investigating the ethics of London's financial center. This follows that big scandal involving the British bank Barclays, which was fined a half billion dollars for rigging a key interest rate called LIBOR.

Ex-Barclays CEO Bob Diamond testifies about LIBOR

Jul 4, 2012
Diamond testified before a committee of the British parliament today about charges Barclays manipulated a key interest rate called the LIBOR. The bank's already been fined over $450 million, but it could be just the beginning of the fallout.