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By Gonzalo Vina |
May 18, 2013
An independent Scotland would have a banking system too big to save in the event of a crisis, the U.K. Treasury said.
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By Lindsay Fortado and Ben Moshinsky |
March 27, 2013
The U.K. Financial Services Authority will be replaced by two new regulators with greater powers.
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By Ambereen Choudhury, Elisa Martinuzzi and Kevin Crowley |
November 1, 2012
London’s attempt to maintain its financial muscle while boycotting Europe’s move toward a banking union risks isolating the city from its major trading partners.
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By Kitty Donaldson |
October 2, 2012
The U.K.’s opposition Labour Party demanded new economic-crime law to help prevent future financial scandals such as the manipulation of the benchmark Libor rate.
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By Jennifer Ryan and Scott Hamilton, Bloomberg |
August 8, 2012
Bank of England Governor Mervyn King signaled continued support for Prime Minister David Cameron’s budget squeeze as he cut forecasts for economic growth and said Britain’s recovery will be a “slow process.”
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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 John Detrixhe, Bloomberg |
July 19, 2012
Barclays Plc’s admission that it rigged the London interbank offered rate shows regulators, central bankers and politicians weren’t paying attention when everyone from Citigroup Inc. to the Bank for International Settlements indicated that the measure was being manipulated.
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By Kevin Crowley, Howard Mustoe and Robert Hutton, Bloomberg |
July 10, 2012
Barclays Plc Chief Executive Officer Robert Diamond was accused of misleading U.K. lawmakers after a letter from the Financial Services Authority emerged, contradicting his claim regulators were “happy” with the bank.
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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.
