Tag: Libor

Barclays Chairman to Resign Over Libor Scandal

Barclays Chairman to Resign Over Libor Scandal

  Barclays PLC (NYSE:BCS) announced that one of its chairman, Marcus Aglus, will step down, effective tomorrow.  Additionally, regulators are going to look more deeply at details from reports that described the corporate culture at Barclays to be a lot […]

By Chandres (Own work) [CC BY-SA 3.0], via Wikimedia Commons

RBS, BCS fined over Libor Dispute, HBC is Next Target

According to Marketwatch, the Royal Bank of Scotland Group plc (NYSE:RBS) will be fined 150 million British pounds ($233 million) by regulators after reports came out that RBS was involved in manipulating the London Interbank Offered Rate, Libor rate. Earlier […]

Barclays Embarrassing Libor Emails Released

Barclays Embarrassing Libor Emails Released

On Wednesday here we reported that the British bank Barclays PLC (NYSE:BCS) (LON:BARC) had agreed to pay a $450 million settlement from a long U.S. and the UK government regulator investigation of data manipulation by the bank; they had tried to influence the […]

Barclays Reportedly Manipulated Libor Since 2005

Barclays Reportedly Manipulated Libor Since 2005

U.S. and British regulators investigating an alleged fixing of the London Interbank Offer Rate (LIBOR) tasted first blood today when British bank Barclays PLC (NYSE:BCS) (LON:BARC) agreed to pay at least $450 million to settle charges emanating from the probe, according to […]