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UK Regulator Outlines LIBOR Overhaul

Britain’s financial regulator has laid out a 10-point plan to overhaul the handling of a key global interest rate, following a review into the Libor rate – rigging scandal involving major banks across several countries. FSA managing director, Martin Wheatley

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Barclays appoints new CEO

Barclays has appointed Antony Jenkins to be its new chief executive, following the resignation of Bob Diamond in the wake of the Libor interest rate-fixing scandal. Mr Jenkins is currently in charge of Barclays Retail and Business Banking and has

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Libor Scandal: Seven banks summoned for questioning

Seven banks, including HSBC and Citigroup, have been summoned to be questioned in the US for the alleged manipulation of the Libor inter-bank lending rate. The other banks summoned by the New York attorney general are Barclays, UBS, JP Morgan,

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David Walker as Barclays new Chairman

Barclays has appointed David Walker as the new Chairman who is a senior advisor to the American bank Morgan Stanley, having previously been chairman of Morgan Stanley International. Sir David was also an executive director of the Bank of England

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“Libor system structurally flawed”—Ben Bernanke

Ben Bernanke, Chairman of the US central bank, said he did not have full confidence in the Libor system, as it is “structurally flawed”. The US was informed of some wrongdoings happening in the bank in 2008 and recommendations were

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Pressure on England to explain who know what and when about the Libor Manipulation

Pressure on England to explain who know what and when about the Libor Manipulation Evidence shows that the Bank of England Governor Sir Mervyn King was emailed by US Treasury Secretary Timothy Geithner, warning him of irregularities in the Libor

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