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Barclays PLC

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  • 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.

  • 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.

  • Futures Turn Lower After Draghi Comments Thursday, 5 Jul 2012 | 8:48 AM ET

    Futures turned negative again in choppy pre-market trading Thursday as grim comments from ECB President Mario Draghi weighed on sentiment and even trumped a pair of better-than-expected employment reports.

  • Stocks to Watch: BCS, LTD, COST & More Thursday, 5 Jul 2012 | 7:41 AM ET

    Take a look at some of Thursday’s morning movers:

  • Robert E. Diamond Jr., the former chief executive of Barclays, told a British parliamentary committee on Wednesday that the manipulation of global interest rate benchmarks involving 14 traders at the bank had made him “physically sick.” The NYT reports.

  • Diamond Due Before Treasury Select Committee     Wednesday, 4 Jul 2012 | 4:00 AM ET

    "Given the flurry of news stories I think that first questions will address Bob Diamond and the assertions he has made implicitly regarding contact with the Bank of England " Lord John McFall, former chairman of the Treasury Select Committee, told CNBC.

  • BoE in the Spotlight over Libor Fixing     Wednesday, 4 Jul 2012 | 3:30 AM ET

    "Around about the time of the financial crisis a lot of the Libor rates were quite elevated and it was used by the MPC as an indicator of the stress in the financial system when banks were finding it harder to access capital the spread went higher," Andrew Sentance, former monetary policy committee member at the BoE, told CNBC.

  • "We started last year an investigation from the antitrust point of view, we had signals that some banks were developing illegal agreements according to competition rules and we started an investigation about a group of banks, not only British," Joaquin Almunia, EU commissioner for competition, told CNBC.

  • JPMorgan Downgrade 'Long Time Coming': Whitney Tuesday, 3 Jul 2012 | 1:54 PM ET

    Meredith Whitney, CEO of the Meredith Whitney Advisory Group, downgraded JPMorgan to “hold” on Tuesday and told CNBC that it had been a "long time coming."

  • 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)

    Britain's growing interest rate-fixing scandal could claim yet another high-level victim: Paul Tucker, the man tipped to eventually become the next head of the Bank of England.