The new chairman of Barclays Bank says he'll undertake a top-to-bottom review of the embattled business, telling a British newspaper that he isn't wedded to any of his predecessor's policies.
Standard Chartered PLC saw $9.1 billion wiped off its market value Tuesday after the New York state regulator accused the British bank of being involved in laundering money for Iran, dealing a further blow to the City of London's reputation as a financial center.
Republican presidential candidate Mitt Romney caused a stir in Britain on Thursday by questioning whether the country is prepared to host the Olympic Games without a hitch and scheduling a fundraiser with the former head of a troubled bank.
A key House lawmaker said he plans to press both American bankers and U.S. regulators as Congress steps up its probe into a interest-rate-setting scandal that has erupted on both sides of the Atlantic.
Brooklynites faced a major dilemma this year when the Nets crossed the Hudson River and relocated downtown in New York City's most populous borough, near the intersection of Flatbush and Atlantic. Playing their home games in the brand-new, splendiferous Barclays Center, the Nets are minutes from the team that has owned Big Apple hearts since 1946.
Britain's Serious Fraud Office said Friday that it has formally opened a criminal investigation of the manipulation of a key market interest rate that has shaken Barclays.
Nine of the largest U.S. banks have submitted plans to the federal regulators that show how they would break up and sell off their assets if they are in danger of failing.
Deron Williams is moving to Brooklyn with the Nets, instead of back home to Dallas.
Nine of the largest U.S. banks have submitted plans to the federal regulators that show how they would break up and sell off their assets if they are in danger of failing.
