'This doesn't look good, Mr Tucker," said committee chairman Andrew Tyrie half way through proceedings. Indeed it didn't. The deputy governor of the Bank of England had just confessed that it came as news to him only a few weeks ago that the Libor market was a "cesspit" of dishonesty.
Attempts by George Osborne to pin the blame for the Libor fixing scandal on former Labour ministers seem to be undermined after deputy Bank of England governor Paul Tucker told MPs that he had not been leaned on to encourage Barclays to cut its rates.
BNY Mellon has announced that it has entered into a settlement agreement related to a previously disclosed class action lawsuit pending in federal court in Oklahoma and initiated by CompSource Oklahoma concerning losses in connection with the investment of securities lending collateral in Sigma Finance Inc. ('Sigma'). The settlement agreement is subject to court approval.
Sir Jeremy Heywood, the cabinet secretary, privately raised questions about the way Libor was being set during the 2008 banking crisis, according to a series of emails between him and Paul Tucker, the deputy governor of the Bank of England who is giving evidence to MPs on Monday.
Here's something sent in by a Barclays staffer.
Here's 9 candidates to take over from Bob Diamond as CEO of Barclays (and 3 not so serious candidates).
Morgan Stanley Smith Barney started to permit financial advisers to market themselves and share ideas with clients through social-networking websites LinkedIn and Twitter from the back end of last month.
Martin Taylor, a former boss of Barclays, has revealed how Bob Diamond offered to quit in 1998 after big trading losses in Russia and breaches of the rules that were not made public.
An investigation in Canada alleges that interest-rate rigging by staff working for British banks and financial institutions continued until at least June 2010, more than a year after Barclays' derivatives traders were found to have colluded in such practices.
by Cora Currier, ProPublica
Barclays was the first bank to be fined in June 2012 when it received penalties of £290m - including a record £59.5m by the UK regulators.
Distributed denial of service attacks (DDoS) are a growing threat to businesses, as criminals can be hired online by the hour to disrupt websites.
The $1.5 billion Janus Global Unconstrained Bond Fund, managed by Bill Gross , saw inflows of $100 million in the most recent quarter, Janus Capital Group CEO Dick Weil said Thursday.