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Libor-Fixing Problems Known at Height of Financial Crisis

Bank Of England Logo

The British Bankers' Association (BBA) issued a warning to banks in April 2008 to "submit honest rates" to its Libor setting panel, according to a series of emails which demonstrate that the problems with the crucial interest rate were being discussed at the highest level during the financial crisis.

Barclays Leader Stands Up To Be Counted

Barclays Canary Wharf

Last week’s testimony of Barclays Plc Chairman Marcus Agius to a U.K. parliamentary committee received less press than the earlier testimony of his former CEO, Bob Diamond, but Agius’s performance was more remarkable.

Baltimore and the Libor Scandal: 'We Can't Leave Any Money on the Table'


A little over two years ago, Stephanie Rawlings-Blake had never heard of Libor. The mayor of Baltimore had plenty of other things to keep herself occupied. Elected in 2010, she was dealing with the aftermath of a financial crisis that had left her city with the budget deficit of $120m and the cost of cleaning up the worst two-day snowstorm in the city's history.




People News: JPMorgan, Credit Suisse.

JPMorgan is losing credit trader Chris Bruner to Tradeweb Markets, where he will help run the company’s corporate-bond trading unit, according to a person familiar with the matter.

Morgan Stanley HQ

Morgan Stanley fights $170m claim

The widow of the Home Shopping Network's co-founder is seeking more than $170m from Morgan Stanley in a case alleging, among other things, that the firm made excessive securities trades to boost commissions, according to a disclosure.