London Interbank Offered Rate
Baltimore Hits Back at the Banks
From the Guardian: A little over two years ago, Stephanie Rawlings-Blake had never heard of Libor. The mayor of Baltimore had plenty of other things to keep herself occupied. Elected in 2010, she was dealing with the aftermath of a financial crisis that had left her city with ...read more
Why Americans Should Learn to be Outraged like the British
By Ben Cohen: The banking crisis in 2008 should have resulted in prison sentences for hundreds of Wall St executive and regulators responsible for decimating the global economy. Thus far, no major executive or government official has been carted of to jail - a horrifying ...read more
Beyond Barclays: Laying out the Libor Investigations
by Cora Currier: Last week, the British bank Barclays was slapped with $450 million in fines and penalties for manipulating information used to set a critical interest rate. Settlements filed by government regulators in the U.S. and the U.K. show this manipulation happened in ...read more
Criminal Investigation Underway in Huge British Banking Scandal
From Bloomberg: The U.K. Serious Fraud Office opened a criminal probe into the attempted rigging of interest rates that led to a record fine against Barclays Plc (BARC), adding to pressure on banks already under investigation by regulators around the globe. SFO Director David ...read more