Barclays is under pressure to find an external candidate to distance the bank from Chief Executive Officer Bob Diamond, who quit after the lender was fined for rigging Libor rates.
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JPMorgan Chase is being investigated over potential power-market manipulation that inflated payments for electricity, according to the U.S. Federal Energy Regulatory Commission (FERC).
Barclays CEO Bob Diamond, who resigned Tuesday over the Libor-fixing scandal, narrowly avoided an insurrection among senior bankers in New York who were furious over Diamond’s attempts to distance himself from the affair.
BlackRock CEO Larry Fink spoke with Bloomberg Television’s Erik Schatzker and Trish Regan on 'Market Makers' Tuesday.
The directors of Barclays bank, who have witnessed a political firestorm engulf the bank in recent days, are now under pressure to ensure Bob Diamond does not walk away with a multimillion-pound payoff following his forced exit from the bank.
On Monday afternoon Bob Diamond rehearsed for his planned appearance before the Commons Treasury select committee. As his public relations team ran him through question after question that the MPs were likely to fire at him, the American born banker saw that he – and his brash personality – was the main problem facing Barclays bank.
And the hits just keep on coming. Who's next ?
Barclays' top three executives resigned amid a deepening dispute with the Bank of England about whether the central bank pushed the lender to submit artificially low Libor rates during the financial crisis.