UK regulator proposes “reset” of scandal-ridden money market rate system and new regulation, but the way rates are fixed …
Why weren’t the first signs taken more seriously? Has there been a serious failure of regulation, or are there strong mitigating circumstances that could explain and justify the lack of resolute action?
On this week’s edition of WNYC’s Money Talking, Rana Foroohar of Time and Joe Nocera of the New York Times weigh in on whether the Dodd-Frank financial reform law would have prevented the financial snafus that have plagued the banking sector recently.
The LIBOR scandal unfolding across the Atlantic has huge ramifications for American consumers.
As fresh details continue to emerge about the Libor fixing scandal that has already claimed the head of Bob Diamond, the American chief executive of British bank Barclays, everybody, it seems, is shocked – shocked! – to …
The latest interest-rate-fixing LIBOR scandal is being heralded as the most egregious in a generation