Barclays Plc told U.S. regulators as early as April 2008 that it was making artificially low London interbank offered rate submissions to avoid the perception that the British bank was struggling to fund itself.
Botched trades by a JPMorgan Chase unit that Jamie Dimon had pushed to boost profit were masked by weak internal controls and may ultimately saddle the bank with a $7.5bn loss.
HSBC’s failure to implement adequate money-laundering controls in Mexico is among lapses that U.S. Senate investigators will criticize Tuesday, according to two people briefed on the matter.
MPs will demand to know on Monday why former Barclays chief operating officer Jerry del Missier, who resigned in the wake of the Libor rate-fixing scandal, issued instructions to reduce the bank's interest rate submissions.
Barclays bank took out large UK newspaper ads Saturday to say sorry to 'all Barclays customers and clients' in the wake of a rate-rigging scandal which has hammered its reputation.
Top central bankers - Sir Mervyn King, governor of the Bank of England, and Tim Geithner, former head of the Federal Reserve Bank of New York - have been thrust into the centre of the Libor rate-rigging scandal as the focus turned to warnings by Barclays that rates were being manipulated during the banking crisis.
A former Wall Street trader whose dramatic courtroom death was witnessed by millions on TV and the Internet probably committed suicide with a homemade cyanide pill.
And here's another fine mess we seem to have got ourselves into.
For nearly three years, as Kyle Lagow struggled to find work and his finances crumbled, he kept a secret from nearly everyone he knew, including his wife: He was a whistleblower.
The financial hit JP Morgan Chase incurred at the hands of the trader known as the 'London Whale' was more than double that previously reported, with losses from the UK operation totalling $4.4bn, the bank admitted on Friday
Derek Kaufman, global head of fixed income at Citadel, is leaving the hedge fund firm.
Gary Kaminsky, a vice chairman in Morgan Stanley's wealth management business, is moving into a part-time advisory role at the bank so he can co-host a television show about Wall Street, the bank confirmed on Thursday.
Bank of America investors say they’ve settled a lawsuit accusing the company of rigging prices in the foreign-exchange market.