Libor

U.S. Building Criminal LIBOR Investigation

Reuters | Posted 07.15.2012

Read More: Doj Libor Investigation, Libor, Reuters, Libor Investigation Doj, Justice Department Libor Investigation, Libor Investigation, Barclays, Barclays Libor Scandal, Libor Scandal, Business News

WASHINGTON, July 14 (Reuters) - The U.S. Justice Department is building criminal cases against several financial institutions and their employees re...

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U.S. Builds Criminal Investigation Into Rate-Fixing

New York Times | Posted 07.14.2012

Read More: Libor Rate Fixing, Barclays Scandal, Rate Fixing, Libor, Barclays, Libor Scandal, Business News

As regulators ramp up their global investigation into the manipulation of interest rates, the Justice Department has identified potential criminal wro...

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Let Me Bore You With Tales of LIBOR -- or is it "LIE-BOR"?

Terry Connelly | Posted 07.14.2012

Read More: Credit Default Swaps, Ben Bernanke, Timothy Geithner, Libor, Barclays, Business News

The next banking industry scandal to wash ashore in the US from Europe will be the matter of two periods of chicanery in the private association of global banks that set the basis for the so-called "LIBOR" interest rate.

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U.S. Banks Could Be Hit Hard By Rate-Rigging Scandal

Reuters | Posted 07.14.2012

Read More: Libor Rate Rigging, Video, Libor Scandal u.s. Banks, Libor, Reuters, Business News, Libor Fixing, Libor-Fine, Barclays Libor Fixing, Libor Scandal, Business News

* Suits harder and costlier to win in Britain * 2010 U.S. Supreme Court ruling crimped legal tourism By Chris Vellacott ...

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Top U.S. Regulator On Libor Scandal: 'We're All Losers'

The Huffington Post | Alexander Eichler | Posted 07.13.2012

Read More: London Interbank Offered Rate, Rate Rigging, Libor, Federal Reserve Bank of New York, Gary Gensler, Commodity Futures Trading Commission, Barclays, Cftc, Libor Scandal, New York Federal Reserve Bank, Video, Business News

You may not do any banking in London. You may not have ever been to London. But Gary Gensler is pretty sure the London interbank offering rate affects...

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Libor Scandal: Congressman Urges AG To Be Aggressive

HuffingtonPost.com | Nate Willis | Posted 07.13.2012

Read More: Peter Welch Libor, Video, Sherrod Brown, Libor, Finance, Senate Banking Committee, Attorney General, Peter Welch, Banking, Senate Democrats, Eric Holder, Barclays, Politics News

Rep. Peter Welch (D-Vt.) sent a letter to Attorney General Eric Holder Thursday, recommending he seriously look into the high profile Libor scandal th...

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'We Know We're Not Posting An Honest Libor'

HuffingtonPost.com | Mark Gongloff | Posted 07.13.2012

Read More: Libor Manipulation, Libor, Tim Geithner, Federal Reserve, Timothy Geithner, New York Fed, New York Fed Libor Documents, New York Federal Reserve, Libor Scandal, Business News

The New York Federal Reserve on Friday released documents showing it knew banks were manipulating a key interest rate more than four years ago. The...

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Banksters Take Us to the Brink

Bill Moyers | Posted 07.13.2012

Read More: Patrick Durkin, Dwight Poler, Bob Diamond, Libor, Bank, Mitt Romney, Raj Bhattacharyya, Barclays, Dan Bricken, Economic Crisis, Wall Street Reform, Banks, Wall Street, Politics News

Some bank insiders were manipulating the index for their own gain, to make their banks look better off during the financial crisis, lower their borrowing costs, and raise their profits -- by cheating. Picking our pockets and lining theirs.

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Tim Geithner Had Questions About Libor's 'Integrity' In 2008

The Huffington Post | Alexander Eichler | Posted 07.13.2012

Read More: Interest Rates, Libor Manipulation, Video, London Interbank Offered Rate, Libor, Tim Geithner, Timothy Geithner, New York Fed, Barclays, Libor Scandal, New York Federal Reserve Bank, Business News

Nobody in their right mind would want to become part of the Libor rate-rigging scandal. But that's what's happening to Treasury Secretary Timothy Geit...

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Geithner Drawn Into Libor Scandal

The Washington Post | Jia Lynn Yang | Posted 07.12.2012

Read More: Interest Rates, Timothy Geithner Treasury Secretary, Libror Scandal, Bank Regulations, Libor, Timothy Geithner Libor Scandal, Banks, Timothy Geithner, Barclays, Business News

While president of the Federal Reserve Bank of New York, Timothy F. Geithner pressed British regulators to reform the way a critical global benchmark ...

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I'd Run Barclays for $1 Million!

Laurence J. Kotlikoff | Posted 07.12.2012

Read More: Mervyn King, Barclays Libor Settlement, Libor, Banking, Economists, Barclays, Las Vegas, Robert Diamond, Business News

Dear Remaining Members of the Barclays Board, I heard you're having some senior personnel problems.

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Warren Buffett: Libor Scandal 'Involves The Whole World'

The Huffington Post | Bonnie Kavoussi | Posted 07.13.2012

Read More: Warren Buffett Libor, Video, Warren Buffett Ceo Berkshire Hathaway, Cnbc Warren Buffett, Warren Buffett Libor Scandal, Libor, Warren Buffett Berkshire Hathaway, Warren Buffett Ceo, Warren Buffett Cnbc, Warren Buffett, Warren Buffett Berkshire, Warren Buffett Berkshire Hathaway Ceo, Business News

Everyone should be paying attention to the Libor scandal, at least according to Warren Buffett. "It's a big deal," Buffett told CNBC "Squawk Box" ...

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Another Bank Could Face Major Fine Over Libor Manipulation

The Telegraph | Harry Wilson | Posted 07.12.2012

Read More: Libor-Manipulation, Bank Scandal, Bob Diamond, United Kingdom, Libor, Euribor, London, Barclays, Lloyds Bank, Libor Scandal, Video, Business News

Lloyds Banking Group could have to pay out more than £1bn over claims it was involved in the manipulation of Libor, according to City analysts. In...

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Below the Fold: Putting the "Lie" in Libor to Steal Trillions

Richard Zombeck | Posted 07.13.2012

Read More: Citibank, Bank of America, JPMorgan Chase, Libor, Barclays, Citigroup, Business News

Here's an idea: How about holding the financial masters of the universe accountable for this little Libor thing and using that to pay for healthcare and pay down the deficit everyone seems so worried about?

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NY Fed Claims It Took 'Prompt Action' On Libor Four Years Ago

Reuters | Posted 07.12.2012

Read More: Video, Libor Documents, Barclays Libor Settlement, Libor, Reuters, Business News, Barclays Libor Fixing, New York Fed, NY Fed, New York Federal Reserve Bank, Ny Fed Libor Documents, Libor Scandal, Barclays Libor, Business News

July 11 (Reuters) - The Federal Reserve Bank of New York will release on Friday documents showing it took "prompt action" four years ago to highlig...

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The LIBOR Scandal Explained

Rep. Dennis Kucinich | Posted 07.11.2012

Read More: Barclays, Libor, Banking, Regulation, Monetary Policy, Economy, Barclays Libor Settlement, Libor Scandal, Politics News

What has emerged from the Barclay's Bank inquiry is evidence that banks may have, in fact, been deliberately manipulating Libor rates for years.

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'This Could Get Ugly In A Hurry'

The Huffington Post | Mark Gongloff | Posted 07.11.2012

Read More: Credit Derivatives, Wall Street, Libor, Derivatives, Funding for State and Local Government, State and Local Governments, Banks, Municipal Debt, Municipalities, Barclays Libor Scandal, Libor Scandal, Business News

The news on Wednesday that cities and states are suing some of the world's largest banks over Libor manipulation shows how this scandal could blow up ...

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Here Are The 16 Banks Under Investigation Over The Libor Scandal

Reuters | Posted 07.12.2012

Read More: Libor-Rate, Video, Barclays-Libor-Rate, Libor Rate Scandal, Libor, Reuters, Business News, Banks, Barclays Libor Fixing, Slideexpand, Libor Scandal, Business News

July 11 (Reuters) - More than a dozen banks are under investigation by authorities in Europe, Japan and the United States over the suspected rigging...

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One More Time: The Break-Up-the-Banks Debate

Robert Teitelman | Posted 07.10.2012

Read More: JP Morgan, Robert Teitelman, Simon Johnson, Libor, Citigroup, Vickers Report, Dodd-Frank, Glass-Steagall, Business News

Do we want big banks to be essentially utilities, tightly regulated so that it's (almost) impossible for them to get into serious trouble, and small enough if they do that they can't cause harm? Do we want the entire financial system to become utility-like?

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Guess Who Just Got Snagged In The Libor Scandal?

HuffingtonPost.com | D.M. Levine | Posted 07.10.2012

Read More: Libor Manipulation, Congress, Bob Diamond, Libor, Tim Geithner, Timothy Geithner Barclays Libor, Timothy Geithner, Barclays, Barclays Libor Scandal, Libor Scandal, New York Federal Reserve Bank, Business News

As president of the New York Federal Reserve before and during the financial crisis, Treasury Secretary Timothy Geithner met repeatedly with Barclays ...

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NY Fed Received Reports Of 'Problems With Libor' In 2007

Reuters | Posted 07.11.2012

Read More: Video, Barclays Libor Settlement, Libor, Lehman Brothers, Reuters, Federal Reserve Bank, Financial Crisis, Bear Stearns, Timothy Geithner, Federal Reserve Bank of New York, Barclays, Libor Scandal, Business News

* Questions over whether Fed did enough over Libor concerns * May have known as early as August 2007 about flaws * Geith...

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LIBOR, Romney and TR: Some quick Thoughts

Edward Goldberg | Posted 07.10.2012

Read More: JPMorgan Chase, Libor, Barclays, Mitt Romney, Politics, Business News

Politically here in the United States, if, and more likely when, the LIBOR scandal touches the major U.S. banking institutions by definition it will becomes a major problem for the Romney campaign.

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Bank of England Official Denies Pressuring Barclays

AP | ROBERT BARR | Posted 07.10.2012

Read More: Bank Regulation, UK Parliament, Bank of England, Barclays Libor Settlement, United Kingdom, Libor, Bank Regulators, Barclays, Barclays Libor Scandal, Video, Business News

LONDON — A senior Bank of England official denied Monday that he had given any hint to Barclays that it should manipulate reports of its borrowi...

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Too Big to Fail Banks Are Stopping You From Getting 5 Percent on Your Savings

Max Keiser | Posted 07.09.2012

Read More: TBTF Banks, Dave Fishwick, Interest Rates, Quantitative Easing, Tbtf, Burnley Savings and Loans, Libor, Big Banks, Too Big to Fail, Video, Business News

The banking lobby misrepresents the situation in two ways. First, they foster the belief that the economy needs lower rates to 'get going.' Second, the banking lobby likes to pretend that there is no alternative.

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LIBOR and Super PACs: A Heck of a Way to Run Capitalist Democracy

Joseph A. Palermo | Posted 07.09.2012

Read More: Francis Fukuyama, Iceland, Wall Street, Libor, President Barack Obama, Money and Politics, Elections 2012, Super PACs, 501(C)(4), Politics News

We live in an age where both our politics and our markets are being managed in a way where we never get a chance to see who is really pulling the strings.

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