The BBC releases a recording of an October 2008 phone call between two bankers at Barclays in which one said he was under “serious pressure” from the Bank of England to set an artificially low rate for Libor, an inter-bank borrowing rate.
Credit Suisse has taken out adverts in British Sunday newspapers stressing a zero-tolerance policy on tax evasion, as the Swiss bank tries to limit any damage to its reputation from raids on three of its offices. Ciara Lee reports. Continue reading
(Reuters Business Report)- A river of red on the boards of Athens’ bourse.
This was the plunge analysts had expected.
The first time trades on the Greek stock market could be made in five weeks saw falls of nearly 23 percent at the open.
Banking shares in particular hit hard.
(BVO) – Growing competition for political influence in Asia, as the U.S. pivot to the region hits a hiccup.
A long list of countries ranging from Denmark to Australia signing up to join the China-led Asian Infrastructure Investment Bank – leaving the U.S. and key ally Japan out in the cold.
(BVO) – A new clash between the U.S. and China in the bid for influence in fast growing Asia.
Beijing has taken the lead in jump-starting a new government-funded infrastructure bank – the AIIB – recently gaining the support of traditional U.S. ally Great Britain for the 50-billion dollar project.