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Black Tuesday

Black Tuesday

by Nomi Prins

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Tag: Barclays Bank

Bill Moyers Talks Greedy Banks

The Libor scandal involving U.K.-based Barclays bank is just the latest illustration of greed in the financial sector, says Bill Moyers.

Posted on Jul 16, 2012 READ MORE



Dominic's pics (CC BY 2.0)

Fed, Geithner Knew of False Libor in 2008

The Federal Reserve and the U.S. government knew back in 2008 that Barclays was filing false reports about Libor, the interest rate that international banks charge one another for short-term loans, according to documents released Friday.

Posted on Jul 13, 2012 READ MORE



Dominic's pics (CC BY 2.0)

Barclays Bank, You’re Busted

Barclays Bank will pay a fine of $450 million to British and American authorities for attempting to rig key interest rates that influence the cost of borrowing, including mortgages and student loans. The funny business took place between 2005 and 2009.

Posted on Jun 27, 2012 READ MORE


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