Libor Scandal

Post rigging scandal, banks now could be obliged to set Libor rates

Banks could be obliged to contribute to setting Libor benchmark interest rates after a rigging scandal prompted demands for an overhaul, the British financial regulator in charge of the review said on Thursday.

How Libor, money-laundering will affect HSBC's profits

The threat that HSBC faces in its anti-money laundering systems and the risk it will be pulled deeper into an interest rate manipulation probe are set to overshadow strong half-year profits on Monday.

Barclays' troubles far from over, more US lawsuits in store

Barclays revealed a new regulatory probe and more US lawsuits on Friday, making it harder for the British lender to repair the damage to its reputation caused by its role in the interest rate-rigging scandal shaking banks.

Banks in Libor probe may consider group settlement

A group of banks being investigated in an interest-rate rigging scandal are looking to pursue a group settlement with regulators rather than doing it alone and facing backlash like Barclays did.

Barclays former exec testifies on rate-fixing scandal

A former top executive at Barclays who has been blamed for ordering staff to submit false interest rates during the credit crisis in 2008 said he believed his action had been sanctioned by the Bank of England.

Barclays chief denies misleading parliamentary inquiry

Barclays' Chief Executive Bob Diamond has refuted claims that he misled the parliamentary committee with his answers about the rate-fixing scandal.

Barclays Dy Chairman Michael Rake rules out chairmanship

Michael Rake, deputy chairman of Barclays has ruled himself out of the running for the chairmanship of Barclays raising fresh questions on the leadership of the bank.