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By Howard Mustoe, Bloomberg |
August 15, 2012
Standard Chartered Plc may have to pay as much as three times more than the $340 million it was fined by a New York regulator to settle all the probes by regulators into its transactions for Iranian clients.
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By Lindsay Fortado and Joshua Gallu, Bloomberg |
July 18, 2012
Regulators are investigating the possibility traders colluded in the interest-rate manipulation case that has already cost Barclays Plc $450 million in fines.
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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 Jesse Westbrook and Liam Vaughan, Bloomberg |
July 6, 2012
Robert Diamond said a backlash that has led to the resignation of senior managers and erased $5 billion from the bank’s market value is a consequence of the lender being the first sanctioned for rigging interest rates.
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By Jesse Westbrook and Liam Vaughan |
July 4, 2012
Robert Diamond, who quit as CEO of Barclays Plc, apologized for the “reprehensible” behavior at the bank that led to record fines for rigging interest rates.
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By Phil Mattingly, Bloomberg |
July 3, 2012
In the U.K., a record fine for Barclays Plc has triggered outrage from lawmakers and forced resignations from the bank’s top executives. In the U.S., Wall Street’s defenders in Congress are sticking by the industry
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By Michael P. Regan and Stephen Kirkland, Bloomberg |
July 2, 2012
Treasuries and the dollar gained after a report showed American manufacturing unexpectedly shrank in June. Most U.S. equities advanced, while European shares rallied and Italian bonds gained.
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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.
