Column | Jul 10, 2012
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Column | Sep 27, 2013 | 12:30 PMIt's looking like arrests are imminent in the LIBOR scandal, with U.S. and European investigators closing in on more than a dozen traders. For at least four years -- from 2005 to 2009 -- Barclays Bank, among, apparently, many others, intentionally manipulated the interest rate benchmark LIBOR (the London Interbank Offered Rate), to which trillions of dollars of financial instruments, including mortgages, credit card rates and small business loans, are pegged. In the last week of June, Barclays reached an agreement with British and American regulators to pay a $450 million fine, and three top officials of the bank, including CEO Robert Diamond, resigned.
Story | Sep 7, 2010 | 4:34 PM
European bank fears. Wall Street Journal analysis showed that European banks may be holding more risky assets than thought, creating concern among investors. Barclays goes American. British bank Barclays names Robert Diamond, the American head of its...
Story | Jul 11, 2012
Story | Jul 16, 2012 | 4:00 AM