Move over, Libor. Barclays has a juicy new scandal—and it could prove more

Move over, Libor. Barclays has a juicy new scandal—and it could prove more
2012 wasn't a good year for Barclays. Thrust into the spotlight over a scandal about rigging the world's most important financial benchmark—the London Interbank Offered Rate (Libor)—the bank lost three of its top people, including its chief executive …
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Too-Big-to-Fail Bill, Fund Bonuses, Libor: Compliance
U.S. Representative John Campbell plans to offer legislation aimed at reducing the size of “too- big-to-fail” banks by requiring them to hold more capital including long-term debt. Campbell, a California Republican, said he plans to introduce his bill …
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Libor Banks Should Consider Global Deal With Victims
In London, lawyers are suggesting that the level of manipulation was so great that contracts tied to Libor should be considered null and void, forcing banks to return any related payments. Such a “nuclear option” could severely damage the legal …
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