London Interbank Offered Rate

The investigation into the London Interbank Offered Rate (LIBOR) rate fixing that resulted in a record fine and major shake-up for Barclays last month is now focusing on traders at Deutsche Bank (NYSE: DB), HSBC, Societe Generale and Credit Agricole. On July 3, Benzinga reported that Barclays' CEO...

After Barclays (NYSE: BCS) Chairman Marcus Agius resigned his position Monday, CEO Bob Diamond quit on Tuesday amid the rate-fixing scandal. Agius stepped up yesterday and said that "the buck stops with me," before quitting his job and saying that the scandal has dealt a "devastating blow," to the...