The Federal Reserve Bank of NY just released a slew of documents about the LIBOR scandal, both from the Fed and Barclays. It also notes that it had started to see consistent inaccuracies in LIBOR ...
Doing business in more than 150 countries has its benefits and its disadvantages. Citigroup is feeling some of the latter as financial authorities in Singapore probe the bank over possible Libor ...
The inaccurate reporting of LIBOR interest rates—certainly among the most important interest rates in the world—by Barclays and other banks is a scandal of the present day. But did central banks and ...
A survey of 500 U.S. and U.K. banking executives found that 24 percent of respondents believe that finance pros must engage in illegal or unethical behavior to be successful. Attempted suicide halts ...
The Federal Reserve Bank of New York said Friday that it received reports of problems with the setting of the London Interbank Offered Rate (Libor) back in 2007, before the issue first came to public ...
The Federal Reserve Bank of New York said Tuesday it had received word as early as 2007 from the British bank Barclays about problems with the benchmark interest rate that underpins much of global ...
LONDON/NEW YORK, July 13 (Reuters) - Barclays alerted U.S. regulators as far back as 2007 to concerns that banks were rigging benchmark interest rates, according to documents released on Friday, but ...
There’s a good chance your credit card, floating-rate mortgage, car loan and even the investment funding for the company where you work are all influenced by an arcane interest rate known to market ...