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Barclays PLC

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  • 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.

  • Libor Scandal Is Going to Get Nastier: Expert  Monday, 23 Jul 2012 | 1:30 AM ET

    "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.

  • How Could Libor Regain Credibility? Thursday, 19 Jul 2012 | 1:50 AM ET
    Credit Crisis

    The very existence of the London Interbank Offered Rate (Libor) has been threatened by the escalating scandal involving banks allegedly manipulating the rate during the credit crisis.

  • How to Fix Libor  Thursday, 19 Jul 2012 | 12:50 AM ET

    What exactly can be done to fix the Libor system or is it worth fixing at all? Catherine Boyle has more.

  • The thousands of community banks have often said their much larger counterparts have trampled on them. Now some hope the latest Wall Street scandal could give them ammunition to strike back.

  • Libor 'Structurally Flawed,' Says Fed Wednesday, 18 Jul 2012 | 2:14 AM ET
    Federal Reserve Board Chairman Ben Bernanke prepares to testify before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill.

    Libor is “structurally flawed” and an international effort would be needed to restore the rate’s credibility as the leading benchmark for mortgages, derivatives and corporate lending around the world, Ben Bernanke, US Federal Reserve chairman, told Congress on Tuesday, the Financial Times reports.

  • Geithner: US Acted 'Early' & 'Forcefully' on Libor  Wednesday, 18 Jul 2012 | 12:00 AM ET

    In this excerpt from a live interview at the "Delivering Alpha" conference presented by CNBC and Institutional Investor, Treasury Secretary Timothy Geithner defends his actions in 2008 after the New York Federal Reserve learned that Barclays and other banks were not reporting accurate data on a key London-based interest rate. He also promises more enforcement is coming.

  • Is the British Banking Industry a 'Lawless Cesspit?'  Tuesday, 17 Jul 2012 | 4:10 AM ET

    "There is a real confluence of events here, the British banks are getting repeatedly nailed by the US authorities this month, there is a risk here that the US authorities, whether it is lawmakers or regulators start to perceive the British banking industry as a lawless cesspit," David Enrich, European banking editor at the Wall Street Journal, told CNBC.

  • All the Banks Were Fixing Libor: Expert  Tuesday, 17 Jul 2012 | 1:30 AM ET

    "The Bank of England at that time were desperate to try and get interest rates down because they were so worried about the state of the economy and the state of the financial system and every bank has an incentive to show that it has a low cost of funds to show that it is financially stable," Jan Toporowski, professor of Economics, SOAS, told CNBC.

  • Bank of England to Face Libor Scrutiny?  Tuesday, 17 Jul 2012 | 12:30 AM ET

    Bank of England governor Mervyn King and his deputy Paul Tucker are going to be in front of the Treasury Select Committee the Libor scandal isn't officially on the agenda but clearly that is going to come up and may have implications for central bank succession planning. Catherine Boyle has more.