British Bankers Association bows out of role as Libor's chief arbiterBritish Bankers Association, the body that has been in charge of setting Libor since 1986, officially bowed out of its role as the chief ar...
27 Sep, 2012, 01.29 AM IST
Poke Me: Corporate scandals benefit investors. Do you agree?In a way, corporate scams improve your financial vocabulary and take away a lot from the finance MBAs that investment banking companies pay...
20 Sep, 2012, 11.21 AM IST
- Barclays valuation 93% cheaper than its competitors, fuels breakup talk
Barclays fined a record amount for rigging global interest rates, is languishing at a cheaper valuation than 93% of its global competitors.
15 Aug, 2012, 09.40 AM IST
- Libor rate rigging scandal: Banks face penalties worth $22 billion
Twelve global banks involved in the Libor rate-rigging scandal may face up to a combined $22 billion in penalties and damages.
14 Jul, 2012, 12.21 AM IST
No solution in sight for Europe's problems: Warren BuffettAmerican business magnate Warren Buffett has said that things are beginning to "slip pretty fast" in Europe over the past six weeks.
12 Jul, 2012, 09.21 PM IST
Barclays says Bob Diamond foregoes £20 mn bonus, deferred payDiamond had been in for deferred bonuses of up to 20 million pounds before he quit last week in the wake of a scandal over rigging interban...
11 Jul, 2012, 03.23 AM IST
Sunday ET: Barclays scandal: Should bankers take lessons from mafia?May be bankers should take lessons from the mafia. The godfathers went after profits, too. But they were much more disciplined.
08 Jul, 2012, 10.55 AM IST
Libor scandal: Split of UK parent will weaken Barclays' India operationsThe Indian unit of Barclays may become a weaker entity if the parent is split into retail and investment banks.
07 Jul, 2012, 04.52 AM IST
Barclays strategy backfires in Libor scandalBob Diamond and the rest of the Barclays board sowed the seeds of their own downfall when they chose to come clean about Libor fixing.
06 Jul, 2012, 08.44 PM IST
- Lord Paul seeks intensive probe into UK banking crisis
Lord Swraj Paul has demanded an intensive probe into the raging banking crisis in Britain, saying the Libor fixing has hurt the reputation ...
06 Jul, 2012, 01.14 PM IST
- Determination of 'London Interbank Offered Rate' must be above suspicion
The scandal involving the Libor, which serves as a benchmark for determining the rate of interest, has already cost Barclays dear.
05 Jul, 2012, 06.21 AM IST
- Succession race for Bank of England governor roiled
Chancellor of the Exchequer George Osborne's search for the next BoE governor just got even tougher as the Libor-rigging scandal casts a sh...
04 Jul, 2012, 05.34 AM IST
- ET in the classroom: Lens on Libor
The Libor fixing scandal has put an unwelcome spotlight once again on the world of banking and highly paid bankers.
04 Jul, 2012, 05.28 AM IST
- Barclays faces tough search for next CEO
Barclays has few obvious candidates who would be able to restore the British bank's tarnished image after the departure of CEO Bob Diamond.
04 Jul, 2012, 05.22 AM IST
- NRI economist drawn into UK bank crisis
Shriti Vadera, who worked closely with former Prime Minister Gordon Brown, has come under focus in the latest scandal that has hit British ...
04 Jul, 2012, 05.14 AM IST
- After holding out, Barclays CEO Bob Diamond & COO Jerry del Missier quit over Libor scam
Barclays has found itself facing perhaps the worst crisis after its top execs - Diamond & Jerry del Missier quit, both victim to an interes...
04 Jul, 2012, 03.26 AM IST
- Bob Diamond - The 'unacceptable face'of banking
Bob Diamond became the lightning rod for criticism after Barclays was fined a record USD 450 million last week for helping to rig the key i...
03 Jul, 2012, 05.06 PM IST