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By Svenja O’Donnell, Bloomberg |
March 20, 2013
Chancellor of the Exchequer George Osborne said the forecast for U.K. economic growth this year was cut by half as he lowered corporation tax and set out an updated central-bank remit to aid Britain’s recovery.
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By Jim Brunsden, Bloomberg |
October 2, 2012
European Union banks would be forced to push much of their trading activities into separately capitalized units and face extra bonus rules under plans proposed by an EU-mandated working group.
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By Greg Farrell and Lindsay Fortado |
July 26, 2012
The U.S. Justice Department is preparing to file charges this fall against traders from several banks in the global probe of interest rate-rigging.
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By Lindsay Fortado, Bloomberg |
July 6, 2012
The U.K. Serious Fraud Office is opening a criminal investigation into the attempted manipulation of interbank offered rates that led to Barclays Plc getting a record fine.
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By Howard Mustoe, Bloomberg |
July 2, 2012
Barclays Plc Chairman Marcus Agius resigned after the bank was fined a record $455 million for trying to rig interest rates.
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By Kitty Donaldson and Robert Hutton, Bloomberg |
June 28, 2012
Barclays Plc Chief Executive Officer Robert Diamond was urged by U.K. Prime Minister David Cameron to show accountability after the bank was fined $451 million for attempting to manipulate the inter-bank lending rate, known as Libor.
