The story of how Barclays tried to rig an interest rate benchmark called LIBOR, which cost CEO Robert Diamond his job today, may seem obscure. But it's the latest evidence of bankers taking every inch regulators leave to them.
Authorities in London have charged a trader for Swiss banking giant UBS for his alleged part in a $2 billion fraud case.
Outgoing FSA head Hector Sants is expected to seek tighter regulation of British banks. Too much regulation, however, could create real problems.
The Goldman Sachs SEC case, filed Friday, comes as President Obama makes a push for Wall Street reform in Congress.
Lawmakers and unions press for greater limits on financial institutions as some firms make sizable awards to high flyers.