Britain tightens screws on banks over Libor scandal
London: Britain tightened the screws on troubled banks on Friday, vowing to overhaul a “broken” Libor interest rate system that tainted the financial sector’s reputation,...
Libor scandal
Barclays CEO Bob Diamond resigns
by Ubaid Mughal
London: Just one day after the Chairman of Barclays resigned over last week’s Libor scandal, chief executive Bob Diamond has also resigned with immediate effect,...