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Barclays PLC

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  • London Financial District

    Those who took part in the manipulation of the London interbank offered rate (Libor), the key benchmark rate, could face criminal prosecution even though Libor manipulation is not yet a criminal offense.

  • British Bankers Group Seen Losing Control Over Libor Tuesday, 25 Sep 2012 | 8:28 PM ET
    Pedestrians pass 30 South Colonnade, centre, where the London interbank offered rate, or Libor, was set daily.

    The British Bankers’ Association is expected to lose control over the interest rate at the center of a recent manipulation scandal, according to a person with direct knowledge of the matter.The NYT reports.

  • At Friday's ribbon cutting for the Barclays Center, the new Brooklyn home for the NBA's Nets franchise, a transformation was clear.  The New Jersey Nets were never cool. The BROOKLYN Nets are.

  • Barclays New CEO Shake-Up: What to Expect Friday, 7 Sep 2012 | 2:31 AM ET
    Antony Jenkins, chief executive officer of Barclays PLC.

    Antony Jenkins, the new chief executive of Barclays, is to announce a shake-up of the business early next year which will shrink investment banking division Barclays Capital (BarCap) and bankers’ paydays.

  • US Investor is Ireland’s Biggest Creditor Sunday, 2 Sep 2012 | 8:55 PM ET
    Dublin, Ireland

    A leading US figure in bond investment has emerged as Ireland’s single biggest private sector creditor by aggressively buying Irish government bonds. The FT reports.

  • Barclays Faces Fresh Criminal Probe Wednesday, 29 Aug 2012 | 8:36 PM ET
    Barclay's Bank

    The Serious Fraud Office has launched a second criminal investigation into Barclays as the agency examines payments the bank made as part of its 2008 Middle Eastern capital raising. The FT reports.

  • Seven Banks Subpoenaed in Libor Investigation Wednesday, 15 Aug 2012 | 5:33 PM ET

    Seven banks have received subpoenas as part of an investigation into the alleged manipulation of the London Interbank Offered Rate, said a source close to the case.

  • Pedestrians pass 30 South Colonnade, centre, where the London interbank offered rate, or Libor, was set daily.

    Major banks, which often band together when facing government scrutiny, are now turning on one another as an international investigation into the manipulation of interest rates gains momentum. The NYT reports.

  • What to Buy When the Swiss Are Selling Wednesday, 1 Aug 2012 | 9:21 AM ET

    The Swiss National Bank has euros ready to unload, and these strategists point to currencies that should benefit.

  • Libor Review to Look into Scrapping Rate Tuesday, 31 Jul 2012 | 12:29 AM ET
    Pedestrians pass 30 South Colonnade, centre, where the London interbank offered rate, or Libor, was set daily.

    Libor, the London Interbank Offered Rate, could be scrapped altogether and replaced with an interest rate that is set using actual trades, according to a review set up by the UK government. The FT Reports.

  • Dubai Billionaire Staying Away From European Banks Monday, 30 Jul 2012 | 8:33 AM ET
    Bank Metallic Sign

    The chairman of one of Dubai’s best-known family-owned conglomerates is not considering investing in European banks again following a disappointing run as a stakeholder of Barclays.

  • Stocks to Watch: FB, MRK, AAPL & More Friday, 27 Jul 2012 | 8:27 AM ET

    Take a look at some of Friday's morning movers:

  • Earnings Already Telling the Tale of Lower GDP Friday, 27 Jul 2012 | 7:20 AM ET

    Second quarter GDP Friday could be a game changer for markets that are anxious for any clues as to the depth and duration of the current soft patch.

  • Will the Olympics Strengthen the Pound? Wednesday, 25 Jul 2012 | 12:11 PM ET
    Torchbearer Dimitrios Chondrokoukis, a Greek high jump athlete, lights a cauldron with the Olympic Flame atop the Acropolis in Athens on May 16, 2012. The flame will be handed over to the London olympics officials on May 17.

    With the Olympics about to begin, here's how to trade the games.

  • BBA Should No Longer Handle Libor: Former FSA Chief Wednesday, 25 Jul 2012 | 5:57 AM ET
    Bank Vault Door

    The London Interbank Offered Rate (Libor) is flawed and should no longer be calculated by the British Bankers’ Association (BBA), Howard Davies, Professor at Sciences Po and former chairman of the Financial Services Authority told CNBC.

  • "I think the Libor scandal is going to go on for a while, we are about ten percent into it. Firstly the problems of Barclays haven't finished the criminal prosecutions but also civil suits and this will be the case for all banks," Satyajit Das, author of Extreme Money: Masters of the Universe and Cult of Risk.

  • BoE: NY Fed Gave No Warning on Libor Friday, 20 Jul 2012 | 11:09 AM ET
    Treasury Secretary Timothy Geithner

    American authorities did not warn British officials about the rate-rigging scandal at the height of the financial crisis in 2008, according to documents released by the Bank of England on Friday, the New York Times reported.

  • Libor Scandal Shows Many Flaws in Rate-Setting Friday, 20 Jul 2012 | 10:35 AM ET
    A woman leaves a branch of Barclays Bank in central London, Monday, April 23, 2007. ABN Amro NV and Barclays PLC announced Monday they have agreed to merge, in the largest cross-border combination in European banking history. (AP Photo/Sang Tan)

    The flaws in the rate-setting process have been exposed by the latest banking scandal. Regulators around the world are investigating whether big banks gamed the rates for their own benefit before and after the financial crisis, the New York Times reports.

  • Sheila Bair

    "Looking at those emails, it looks like they had pretty explicit notification of some very bad behavior, and I don't understand why they didn't investigate," Bair told CNBC.

  • Rate Probe Turns to Big Bank Quartet Thursday, 19 Jul 2012 | 4:53 AM ET

    Regulators are focusing on at least four of Europe’s biggest banks as they investigate the attempted manipulation of the region’s benchmark interest rate, The Financial Times reports.