17 July 2012 Archive

Sir Mervyn King tells MPs libor rigging was "fraud"

Sir Mervyn King defended the Bank of England's handling of the Libor scandal today

The Governor of the Bank of England, Sir Mervyn King has told MPs that Barclays was in a "state of denial" over regulators concerns and Libor rigging is fraud.

Don’t let Libor emotion sway investments, says Schroder’s Murphy

Murphy comments on 'emotional' investing

Ivestors shouldn’t let emotions get in the way of their decisions following the Libor rigging revelations, according to the co-manager of Schroder Income.

FSA: Libor rigging was an 'accident waiting to happen'

Adair: FSA had a 'light touch' on Libor matters

Chairman of the Financial Services Authority (FSA) Adair Turner has admitted the Barclays rate-rigging scandal was an ‘accident waiting to happen’.

Del Missier: Diamond instructed me to submit false Libor rates

Bob Diamond was further implicated in the Libor scandal at TSC hearings yesterday

Former Barclays chief operating officer, Jerry Del Missier told MPs yesterday that he was instructed by Bob Diamond to submit false Libor interbank submissions.

HSBC ‘allowed money laundering’ says US Senate

HSBC at centre of money laundering storm

HSBC allowed money laundering to occur by a lack of internal controls and the inability of its compliance section to function properly, a US Senate report has found.

IMF downgrades UK economic growth forecast

IMF downgrades Britain's growth outlook

The International Monetary Fund has cut its forecast for Britain’s economic growth this year by more than any other developed country.

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