Libor Scandal

Mehdi Hasan

The Fresh Prince of Streatham

HuffingtonPost.com | Mehdi Hasan | Posted 25.03.2013 | UK Politics

Mehdi Hasan sits down with Labour’s fresh prince, Chuka Umunna, ahead of the Budget to talk bankers, business and why he would “trust Ed Miliband ...

Mehdi Hasan

'Put Cheating Bankers Behind Bars'

HuffingtonPost.com | Mehdi Hasan | Posted 20.03.2013 | UK Politics

Budget 2013 live : Follow George Osborne's announcement here with our 'At A Glance' guide to all the big decisions on the economy. Shadow business ...

Not Our Market, Not Our Problem

Seth Freedman | Posted 06.05.2013 | UK Politics
Seth Freedman

If you believe the official hype, the FSA's apathetic conduct while the Libor scandal developed was entirely proper, despite being told explicitly by market participants that manipulation was afoot.

The Debate That Still Needs to Be Had

John McFall | Posted 14.04.2013 | UK Politics
John McFall

It is now six months since the LIBOR scandal erupted - and we are still trying to assess how much damage that and other scandals have done to public trust in the banks.

3,700 Jobs To Go At Beleaguered Barclays

PA/The Huffington Post UK | Tom Moseley | Posted 12.02.2013 | UK

Barclays is to cut 3,700 jobs, it has announced. The jobs to go are 1,800 investment banking posts and 1,900 in retail and business banking. Bar...

Half-Empty Tankard

Seth Freedman | Posted 13.04.2013 | UK
Seth Freedman

Now is not a good time to run a price reporting agency. Following allegations of market manipulation in November, a seismic event last week saw a triumvirate of broking firms seek to wrest control of the setting of gas prices, with the launch of their own benchmark, dubbed the Tankard Index.

Charlie Thomas

‘I deserve my bonus – I’ve saved RBS for the sake of society and stakeholders’

HuffingtonPost.com | Charlie Thomas | Posted 11.02.2013 | UK

Stephen Hester, the chief executive of the Royal Bank of Scotland (RBS) has defended his forthcoming bonus by saying he should be judged on saving the...

Charlie Thomas

'Don't Let My Death Be In Vain', Pleads RBS's Hourican

HuffingtonPost.com | Charlie Thomas | Posted 11.02.2013 | UK

The only senior member of management at RBS to lose his job in relation to Libor rigging, pleaded with his colleagues to "not let my death be in vain"...

'I am a villain. Yet I lie. I am not.'

Jane Sparrow | Posted 08.04.2013 | UK
Jane Sparrow

Bob Diamond has been publically mauled again this week. I'm not for one moment suggesting that anyone should feel sorry for him - the £100m in salary...

Charlie Thomas

'I'm Like A Whore's Drawers' - The Best Libor Fixing Quotes

HuffingtonPost.com | Charlie Thomas | Posted 06.02.2013 | UK

Following the news of the Royal Bank of Scotland's £400m fine for its role in the London inter bank offer rate (scandal), much laughter has been hear...

Charlie Thomas

RBS Staff See Bonuses Clawed Back To Pay Libor Fines

HuffingtonPost.com | Charlie Thomas | Posted 06.02.2013 | UK

Thousands of staff across the Royal Bank of Scotland will lose their bonuses this year as the bank claws back money to pay fines for its part in the L...

RBS Fined £400m For Libor Scandal

PA | Posted 06.02.2013 | UK Politics

Royal Bank of Scotland is to pay nearly £400 million to regulators in the US and UK to settle its involvement in the Libor-rigging. RBS has agree...

Libor Fines Should Be Paid By Bankers

PA | Posted 06.02.2013 | UK Politics

Risk-taking bankers should foot a multimillion-pound fine for the Libor rate-fixing scandal and not expect taxpayers to pay the bill, Vince Cable said...

RBS Investment Chief To Leave Bank

PA | Posted 05.02.2013 | UK

The head of Royal Bank of Scotland's (RBS) investment banking arm is to step down - forfeiting £4 million in shares. John Hourican will leave the ...

Libor Fines 'Must Not Be Paid For By Taxpayer'

The Huffington Post UK | Charlie Lindlar | Posted 02.02.2013 | UK

George Osborne has insisted that any US fines meted out to the Royal Bank of Scotland (RBS) over the Libor scandal must be paid from the pocket of the...

'Libor Rigging' Bankers' Attempts To Conceal Identities In High Court Fail

PA | Posted 21.01.2013 | UK

Scores of bankers have failed in a bid to prevent their names being revealed during preliminary hearings of a High Court case centred on the rigging o...

Two RBS Execs Under Pressure To Resign Ahead Of Libor Settlement

Charlie Thomas | Posted 11.01.2013 | UK

The London inter bank offer rate (Libor) rigging scandal continues into 2013, with reports that the Royal Bank of Scotland (RBS) is close to negotiati...

Charlie Thomas

Why Were UBS Chiefs Accused Of Behaving Like Casablanca's Captain Renault?

HuffingtonPost.com | Charlie Thomas | Posted 10.01.2013 | UK

Four former UBS chiefs were grilled by MPs on Thursday over their knowledge of the manipulation of the London interbank offered rate setting. Ex-gr...

Charlie Thomas

UBS Libor Settlement Expected Before Christmas

HuffingtonPost.com | Charlie Thomas | Posted 14.12.2012 | UK

Swiss banking giant UBS is understood to be close to agreeing a $1 billion payment for its involvement in the Libor rate rigging scandal. The Wall ...

Charlie Thomas

Gamekeeper Turned Poacher - FSA's Sants Joins Barclays

HuffingtonPost.com | Charlie Thomas | Posted 12.12.2012 | UK

Hector Sants - the former head of the City watchdog the Financial Services Authority (FSA) - is to become a game keeper turned poacher after being app...

Downing Street Calls For Gas Price Fixing Inquiry

PA | Posted 13.11.2012 | UK

Downing Street has called for a speedy inquiry into allegations that Britain's £300 billion wholesale gas market has been "regularly" manipulated by ...

Power companies 'Investigated by FSA Over Price Manipulating'

PA | Posted 13.11.2012 | UK

The City watchdog is today investigating claims that power companies are manipulating wholesale gas prices. The Financial Services Authority (FSA) ...

How Not to Apply for a Banking Internship

Tom Beardsworth | Posted 18.12.2012 | UK Universities & Education
Tom Beardsworth

Though coveted by the Oxford masses, I have never been wedded to a career in finance. But breaking into the world of journalism is famously fickle and so - petrified at the prospect of inactivity next summer - I decided to begin looking elsewhere for work experience. Banking was the obvious choice.

Jail For Bankers Who Manipulate Libor

PA/Huffington Post UK | Posted 27.11.2012 | UK

Unscrupulous bankers will face criminal prosecution under far-reaching reforms designed to prevent a repeat of this summer's interbank rate-fixing sca...

Barclays Facing More Investigations Over Payments

Posted 29.08.2012 | UK

The Serious Fraud Office has launched an investigation into payments made between Barclays bank and Qatar at the height of the financial crisis. Th...