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Libor Suit List Shows Barclays Probe Spanned NY to Tokyo

Barclays Building Sign

Barclays senior executives, dozens of traders and the bank’s chief economist were all identified by regulators in a probe into interest-rate rigging that spanned continents, according to documents released in the U.K.’s first Libor-manipulation lawsuit.

Monte Paschi Faces $1 Billion Loss on 'Surprise' Trades

Wow

Banca Monte dei Paschi di Siena, Italy's third biggest bank, revealed on Thursday it could face losses of as much as 720 million euros ($956 million) on past trades in financial derivatives which new management only recently discovered.

In Defense of Morgan Stanley's 'Nuclear Holocaust'

Morgan Stanley HQ

Morgan Stanley is under fire for selling a mortgage related security that employees joked might be named 'nuclear holocaust' or 'subprime meltdown.' Do we really want to force investment banks to adopt financial paternalism ?

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22 banks accused of manipulating treasury auctions

Twenty-two financial companies that have served as primary dealers of U.S. Treasury securities were sued in federal court on Thursday, in what was described as the first nationwide class action alleging a conspiracy to manipulate Treasury auctions that harmed both investors and borrowers.