Dan Doctoroff News
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Barclays Plc senior executives, dozens of traders and the bank’s chief economist were all identified by regulators in a probe into interest-rate rigging that spanned continents, according to documents released in the U.K.’s first Libor-manipulation lawsuit.
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Former Barclays Plc Chief Executive Officer Bob Diamond and Jerry Del Missier, the former chief operating officer of the bank, were among those who failed to block publication of their names in connection to the U.K.’s first lawsuit tied to the rigging of Libor.
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Cindy Murray has been working at Wal-Mart Stores Inc.’s location No. 1985 in Laurel, Maryland, for 13 years. She’s stationed in the fitting rooms and earns $12.40 an hour.
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Wal-Mart Stores Inc. Chief Executive Officer Mike Duke said he sees no conflict between paying low prices to suppliers that source merchandise from overseas and being able to maintain safe conditions at garment factories.
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European Union lawmakers should enact tougher punishments for market abusers, including jail time, by the end of the year in response to the Libor scandal, the bloc’s financial-services chief said.
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The British Bankers’ Association signaled it will give up oversight of the London interbank offered rate following claims traders manipulated the benchmark.
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A panel of European Union lawmakers will ask regulators from three continents today why authorities failed to crack down on a culture of rigging interest rates.
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Barclays Plc must disclose the identities of Libor traders and employees who made submissions to set interest rates, after a ruling in the first U.K. lawsuit related to manipulation of the London interbank offered rate.
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After being rigged by some of the world’s biggest financial institutions, the London interbank offered rate, the benchmark for more than $300 trillion of securities and loans, is now increasingly being set by a smaller group of banks.
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The British Bankers’ Association signaled it will give up oversight of the London interbank offered rate following claims traders manipulated the benchmark.
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