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Barclays PLC

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  • HSBC Braced For Huge US Penalty Wednesday, 11 Jul 2012 | 7:42 PM ET
    A sign featuring the logo of the banking giant HSBC hangs outside a branch on December 11, 2003 in Hong Kong. The London-based bank, which operates in 79 countries, gave an upbeat tone for the global economy March 1, 2004 including its key Hong Kong market by reporting a record annual pre-tax profit of ?7.7bn ($14.4). (

    HSBC is to apologize to US lawmakers for failing to have appropriate controls in place to ensure it did not facilitate the financing of terrorism and other criminal activities, transgressions that analysts estimate may cost it up to $1 billion in fines.The FT reports.

  • Banking Rate Scandal Deepens     Wednesday, 11 Jul 2012 | 7:40 PM ET

    Cities, states, and municipal agencies nationwide are looking at whether they suffered damages from the Libor scandal, and weighing legal action. Brian Gardner, Keefe, Bruyette & Woods, and Mark Calabria, Cato Institute, weigh in. "It's important to separate out two issues--one, you had the Libor manipulations before the crisis that were directly aimed at benefiting Barclays, and the other part was during the crisis," says Calabria.

  • Were The Barclays Traders Delusional? Wednesday, 11 Jul 2012 | 4:57 PM ET

    One of the oddest things about the Barclays Libor manipulation scandal is that no one has actually demonstrated that the British bank ever successfully manipulated Libor.

  • Cities & States Blame Libor for Financial Woes     Wednesday, 11 Jul 2012 | 3:32 PM ET

    Cities and states are now filing lawsuits against more than a dozen banks, claiming the alleged rate-rigging scandal is partly to blame for their financial distress. Zachary Karabell, River Twice Research, and attorney Andrew Stoltmann, share their opinions over just how big this could get.

  • Bair on Averting a European Bank Run     Wednesday, 11 Jul 2012 | 7:31 AM ET

    Former chair of the FDIC, Sheila Bair, discusses the looming fiscal fiasco in Europe; JPMorgan's trading losses; and weighs in on Barclays rate fixing scandal.

  • Rate Scandal Stirs Scramble for Damages Tuesday, 10 Jul 2012 | 11:11 PM ET

    As unemployment climbed and tax revenue fell, the city of Baltimore laid off employees and cut services in the midst of the financial crisis. Its leaders now say the city’s troubles were aggravated by bankers’ manipulation of a key interest rate linked to hundreds of millions of dollars the city had borrowed.

  • Diamond Drops His Bonus     Tuesday, 10 Jul 2012 | 7:23 PM ET

    CNBC's Jackie DeAngelis and Eamon Javers report on the growing Libor scandal, and discuss Texas' win of the "Top State for Business" title in CNBC's annual study.

  • How to Manipulate Libor Rates Tuesday, 10 Jul 2012 | 1:28 PM ET

    We know for a certainty that derivatives traders at Barclays were influencing the people charged with submitting the bank's Libor figures to fudge the numbers. What remains a mystery, however, is what these guys thought they were doing.

  • Bank of England & Barclays     Monday, 9 Jul 2012 | 1:10 PM ET

    The next chapter in the Barclays-Bank of England interest rate fixing saga is unfolding right now, reports CNBC's Kelly Evans.

  • Robert Diamond, CEO of Barclays.

    Former Barclays CEO Martin Taylor says he had asked Bob Diamond to stay on as head of Barclays Capital back in 1998 after the latter offered to resign following losses of hundreds of millions of pounds from Russia's debt default.

  • Earnings Are the Next Big Test for Stocks Sunday, 8 Jul 2012 | 7:06 PM ET

    The impact of Europe's debt crisis on US companies is about to come out in the wash as second-quarter earnings season kicks off with Alcoa on Monday. Plus, China economic data.

  • Libor Rates: A Readers Guide Friday, 6 Jul 2012 | 7:13 PM ET

    Now that Barclays has admitted that for years it rigged its submissions for the London Interbank Offered Rate, or Libor, it’s probably worth taking a closer look at how this key interest rate benchmark is calculated.

  • More Gloom Ahead For Investors: Strategist Friday, 6 Jul 2012 | 4:51 PM ET

    Ready for some good economic news? Don't ask the currency strategists at Barclays Capital.

  • Stocks Close Lower After Weak Jobs Report Friday, 6 Jul 2012 | 4:33 PM ET

    Stocks eased off their worst levels in the final hour of trading, but still finished firmly in the red Friday on the heels of a disappointing June government jobs report.

  • Talking Numbers: Buy Beaten Up Barclays?     Friday, 6 Jul 2012 | 3:30 PM ET

    Mark Newton, Greywolf Execution Partners, and Peter Boockvar, Miller Tabak, discuss whether it's time to buy Barclays amid allegations that the bank manipulated the Libor rate.

  • Regulators Spoke, But What did Barclays Hear? Friday, 6 Jul 2012 | 1:24 PM ET

    Barclays may have lost its chairman, chief executive and chief operating officer but the bank remains as defiant as ever about the Libor scandal.

  • Doug Kass: Market Facing Potentially Toxic Cocktail Friday, 6 Jul 2012 | 1:16 PM ET

    Famed market timer Doug Kass believes the market is at a critical juncture. And he doesn’t think it takes much more for it to tip over, entirely.

  • Warren Buffett

    Warren Buffett likes bank stocks, just not investment banks. And for good reason.

  • The Fallout From Libor     Friday, 6 Jul 2012 | 5:05 AM ET

    Philip Parker, Founder, Managing Director and CIO at Parker Asset Management and Justin O'Brien, Director, Centre of Law, Markets and Regulation at The University of New South Wales debate on the impact of the Libor scandal on the banking industry and whether there will be another form of rate that will be used instead.

  • Stocks End Lower Ahead of Jobs; Apple Gains Thursday, 5 Jul 2012 | 4:11 PM ET

    Stocks closed lower in thin trading Thursday after a round of interest rate cuts by major central banks and as investors remained cautious ahead of Friday’s key government jobs report.