Articles

LIBOR Scandal: The Crime of the Century?

The twenty-first has been a banner century for financial and accounting scandals. Enron, the dot-com bust, the subprime mortgage crisis and the bank bailouts...

LIBOR Scandal: Yep, It’s as Bad as We Thought

When the LIBOR interest-rate fixing scandal broke wide open over the summer, I asked whether it was "The Crime of the Century." The answer to that question...

LIBOR Lending Rate Gets Overhaul (Sort Of)

The LIBOR money-market rates, widely used around the world as the benchmark for interest rates on mortgages, credit cards and billions of dollars worth of other...

How Barclays Rigged the Machine

Ever wonder why surveys about very personal topics (think sex and money) are done anonymously? Of course you don't, because it's obvious that people wouldn't...

How Barclays Loaded the LIBOR Dice

Ever wonder why surveys about very personal topics (sex, money) are done anonymously? Of course you don’t – because it’s obvious people wouldn’t tell the truth...

Ex-Barclays Traders Appear on Rate-Rigging Charges

(LONDON) — Three former Barclays bank employees have appeared at London's Westminster Magistrates' Court on charges related to the rigging of a key market...

How Washington Caved to Wall Street

In TIME's recent cover story "How Wall Street Won," Rana Foroohar gave an excellent appraisal of the last five years since Lehman collapsed. While her analysis...

What (If Anything) Can Fix the SEC?

When President Obama nominated former U.S. Attorney Mary Jo White to be the next Chairman of the Securities and Exchange Commission (SEC), the reaction was...

The Money Cop

Four years on from the financial crisis, new scandals still seem to break out every few months. HSBC, the big British bank, just agreed to a $1.9 billion...

Banking’s Really Bad Day

Four years on from the financial crisis, new banking scandals still seem to break out every few months. But this week has been particularly bad for the industry...

Spain Plays Cat-And-Mouse Over Bailout

When leaders of the 27 European Union nations gather in Brussels on Thursday for a two-day summit, all eyes will be on Spanish Prime Minister Mariano Rajoy. Will...

Why the Euro Crisis Is Nowhere Near Being Over

It’s astonishing, but everyone is behaving as though the euro crisis were over. Long-term bond yields are bellwethers of investor confidence. And over the past...