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GOP investigators fault five ATF officials in gun-tracking fiasco

Republican congressional investigators have concluded that five senior ATF officials — including the special agent in charge of the Phoenix field office and the bureau's top man in Washington — were responsible for the failed Fast and Furious gun-tracking operation that was "marred by missteps, poor judgments and inherently reckless strategy."

 

Barclays dragged into new probe after Libor blow

Barclays Plc revealed a new regulatory probe and more U.S. lawsuits on Friday, making it harder for the British lender to rebuild its reputation damaged by the central role it played in the interest rate-rigging scandal shaking banks.

 

UK PM's ex-media chief, friend charged over hacking

Prime Minister David Cameron's ex-media chief and Rupert Murdoch's former UK newspaper boss are to be charged with phone-hacking offences in the most significant development in a scandal that has rocked Britain's establishment.

 

Prosecutors, regulators close to making Libor arrests

Barclays

U.S. prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping investigation into the rate-rigging scandal.

 

No charges for military in Secret Service sex scandal

Seven Army soldiers and two Marines have received administrative punishments, but are not facing criminal charges, for their part in the Secret Service prostitution scandal in Colombia this year, The Associated Press has learned.

 

Central bankers eyeing whether Libor needs scrapping

Libor

Central bankers and regulators will hold talks in September on whether the troubled global Libor interest rate can be reformed or whether it is so damaged that the benchmark of borrowing costs should be scrapped.

 

NCAA boss won't rule out death penalty for Penn St

NCAA

The president of the NCAA says he isn't ruling out the possibility of shutting down the Penn State football program in the wake of the Jerry Sandusky child sex abuse scandal....

 

Legal expert links PSU, Catholic church scandals

The allegations are similar to those made against a top Philadelphia archdiocese official who was convicted on child endangerment charges last month.

 

Barclays flagged Libor problems to Fed in 2007

Libor

Barclays alerted U.S. regulators as far back as 2007 to concerns that banks were rigging benchmark interest rates, according to documents released on Friday, but policymakers on both sides of the Atlantic did not appear to take decisive action, underscoring the chaos of the financial crisis.

 

Bank of England says took Geithner Libor views on board

Timothy Geithner

The Bank of England confirmed on Friday it had received U.S. recommendations to overhaul the Libor benchmark at the heart of a global rate-rigging scandal, saying it had passed them on to the banking group responsible for the rate... The Bank of England confirmed on Friday it had received U.S. recommendations to overhaul the Libor benchmark at the heart of a global rate-rigging scandal, saying it had passed them on to the banking group responsible for the rate.

 

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