Archive: Libor Scandal

Low level of bank switching despite scandals

Libor-rigging scandal made people fearful of switching banks, despite scandals with Barclays, HSBC, Royal Bank of Scotland and others.

Consumers are afraid to switch banks despite growing concerns with their own, a senior financial services regulator has warned.

Clegg pushes for bank share handout

Barclays anger still growing despite Agius resignation

'Big society' gets £600m cash injection

Yvette Cooper speech in full

Yvette Cooper, shadow home secretary, on police privatisation and financial crime

Read the full speech by Yvette Cooper, shadow home secretary, to the Labour party conference.

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Bankers condemned: Review demands jail for Libor fiddlers

Bankers are taking in the implications of today's review in the City of London

Bankers who manipulate the interbank lending rate Libor should face criminal sanctions, an independent review has concluded, as part of efforts to reform "what has become a broken system".

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Shrinking economy 'made worse by austerity'

Laying the blame for the recession at the chancellor's door

Britain's dire economic situation could have been avoided with less drastic public spending cuts, an economic think-tank has claimed.

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RBS boss: 'We will pay for Libor'

Hester said the bank will 'pay' for the scandal

The Royal Bank of Scotland (RBS), will eventually pay for the Libor scandal, the bank's chief executive said yesterday.

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King 'gave Barclays revolver' to polish off Diamond

Mervyn King faced an unusually testing session before MPs

Mervyn King faces questions about his conduct after it emerged he privately pressured Barclays chairman Marcus Agius to force Bob Diamond's resignation.

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Two more banks: Labour's reform blueprint unveiled

Ed Miliband called for the creation of two new banks as he outlined his plan for "a better banking system" in a major speech today.

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Comment: We're suffering from scandal fatigue

Dr Matthew Ashton is a politics lecturer at Nottingham Trent University

These outrages occur so often, and in so many walks of life, we've become almost immune to them.

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Balls wants Osborne to grovel over Libor claims

Shadow chancellor Ed Balls described last Thursday's debate as "disappointing"

Shadow chancellor Ed Balls is keeping up the pressure on George Osborne to retreat after last Thursday's "disappointing" Commons debate.

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Podcast: Banker-bashing reloaded

The City of London faces intense hostility from the general public

Following Barclays' £290 million fine for fiddling the interbank lending rate Libor the search for answers from Westminster has begun. But where will this end up? Will the inquiry into wrongdoing in the banking sector change anything?

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Savage Commons debate appears to scupper Libor inquiry

Commons chamber debates the options for a banking inquiry

Government plans for a parliamentary inquiry into the Libor scandal seemed to be in deep trouble today, following a brutal Commons debate.

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Sketch: Bob hearts Barclays, but MPs don't give Diamond much love

A dash for the exit: Bob Diamond makes a break for freedom after his MP grilling

"Why are you so reluctant to tell us?" Andrew Tyrie asked Bob Diamond at the start of today's Treasury committee grilling. "I'm very suspicious," Tory Mark Garnier declared, three hours later. Nothing much had emerged in the interim.

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PMQs sketch: Party interest wins out

Neither Miliband nor Cameron deviated from advancing their party's interests in this week's prime minister's questions

Ed Miliband accused David Cameron of acting in the party interest, not the national interest, in prime minister's questions this lunchtime. But both leaders were guilty of exactly that - and MPs couldn't care less.

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Nothing to lose? Diamond set to hit back in MP grilling

Barclays' £290m fine has triggered another massive scandal

Politicians, bankers and regulators are all bracing for Bob Diamond's potentially explosive evidence to the Commons' Treasury select committee this afternoon.

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Don't bring down the banking inquiry

Party political squabbling is threatening the establishment of a major parliamentary inquiry - but this is too good an opportunity for MPs and peers to waste.

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