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Barclays Makes Public Apology

Barclays Canary Wharf

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.

Timothy Geithner Pressed Mervyn King to Reform Libor in 2008

The Geithner Cliff

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.

RBS To Exclude India Business From Sale To CIMB

CIMB Group Logo

CIMB Group announced Thursday that The Royal Bank of Scotland (RBS) is excluding India operations from an earlier sale and purchase agreement for various Asia Pacific cash equities and associated investment banking businesses.



American courtroom

Ex-Goldman programmer will face jury

The criminal case against Sergey Aleynikov — the former Goldman Sachs programmer who was convicted in federal court, then acquitted, only to be charged again in state court — will soon head to a jury after Aleynikov’s last-ditch effort to toss out the case came up short.