Tag Archives: Barclays

Geithner Defends His Actions on Libor

WASHINGTON – The secretary of the U.S. Treasury, Timothy Geithner, is under pressure for not doing enough to stop the fraudulent manipulation of Libor. Geithner told lawmakers on Wednesday that he alerted the appropriate authorities as early as possible. Geithner said he realized the problem in 2008 when he was Read On..

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Barclays Plans to Leave UAE’s Interbank Lending Panel

ABU DHABI – British bank Barclays plans to abandon its place in the rate-setting panel for interbank lending in United Arab Emirates (UAE) because of their involvement in the scandal involving the Libor rate in Britain. The bank belongs to a panel of 12 banks set interest rates on interbank Read On..

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Deutsche Bank Suspends Employees for Manipulating LIBOR Rates

FRANKFURT – Two employees of Deutsche Bank were suspended after the company used external auditors to examine whether their personnel engaged in the handling of interbank lending rates. This was reported by the German magazine Der Spiegel, without citing sources. The article claims that the bank received requests for information Read On..

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