Articles
Meet the Man Cracking Down on the LIBOR Scandal
Gary Gensler, the chairman of the U.S. Commodity Futures Trading Commission, is now one of Wall Street's toughest regulators.
LIBOR Rigging: What the Regulators Saw (But Didn’t Shut Down)
Thanks to the New York Federal Reserve, we now know that both the Fed and the Bank of England could see and were being told that something was awry with the...
Libor Manipulation: The Markets’ Worst-Kept Secret?
As fresh details emerge about the Libor fixing scandal that has already claimed the head of Barclays CEO Bob Diamond, everybody, it seems, is shocked – shocked!...
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...
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...
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...
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...
The Barclays LIBOR Scandal Is a Clear Case for Greater Consumer Protection
When it comes to managing personal financial affairs, there is only so much an individual can know. For years, the financial literacy movement missed that...
Apology Not Accepted: The Right — and Wrong — Way to Say You’re Sorry
A great deal has been written about Harvard University professor Niall Ferguson’s controversial comments about the late economist John Maynard Keynes. (The short...
Why Companies Should Put Values First — And How They Can Do It With Sacrificing Growth
Instead of squabbling over the specific rules and regulations that should restrict corporate behavior, we need to find ways to inspire our companies to behave...
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...
Ex-Barclays Chief Bob Diamond Grilled Over Rate-Fixing Scandal
Do sparks fly when you drill a Diamond? It’s a question bankers and politicians were keen to answer as Bob Diamond, Barclays’ former chief executive, appeared...
Insert Catchy Name Here
I love it when people talk about the weather, since it's one of the few times I don't feel guilty about the fact that I never listen to anyone. But even I got...
What’s in a Title? Overcoming a ‘Crisis’ of CEO Credibility
In April, when JPMorgan’s so-called “London Whale” derivative trading scandal broke, CEO Jamie Dimon seemed to know little about the errant trades, praising the...
Standard Chartered and Why We Must Change the Way Police Banks
MF Global, JP Morgan’s Whale Fail, LIBOR rate-rigging: The financial services industry has been cranking out scandal like it’s going out of style. The incidence...
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...
