Posts tagged "Barclays"
Geithner Defends Libor Case
WASHINGTON – The secretary of the U.S. Treasury, Timothy Geithner, is under pressure for not doing enough to stop the fraudulent manipulation of interest rates key reference, lawmakers said Wednesday that he alerted the appropriate authorities “early”. Geithner said he realized the problem in 2008 when he was chairman of the Federal Reserve Bank...
Barclays Plans to Leave Arab Committee
ABU DHABI – British bank, Barclays, plans to abandon an interchange fee rate setting in United Arab Emirates (UAE) because of their involvement in the scandal of the Libor rate in Britain. The bank belongs to a panel of 12 banks set interest rates on interbank Arab Emirates dirham. Contributions are calculated according...
Deutsche Suspends Employees for LIBOR
FRANKFURT – Two employees of Deutsche Bank were suspended after the company used external audits to examine whether their personnel engaged in the handling of interbank lending rates, as reported the German magazine, Der Spiegel, without citing sources. A bank spokesman declined to comment on Sunday article, which claims that the bank received requests...
European Shares Lower with Mild
BERLIN, Germany – European shares ended Wednesday with a slight decrease, in a session with low turnover for the U.S. holiday, and took a breather after a three-day rally, waiting for the policy meeting of European Central Bank’s monetary. The FTSEurofirst 300 index of top European shares closed unofficially with a fall of 0.17% to...
