Topic: Barclays plc
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Five ways big banks' Libor scandal affects you
London, this year's host of the Olympics, is also home to a bank scandal that threatens to rock the financial world as much as the Games influence the world of sports. Here's why: Libor (London Interbank Offered Rate) is a global benchmark for interest rates that reaches deep into the international financial system. Allegations that banks rigged those rates means that everyone from mortgage-holders and indebted students to cities and mutual funds may have had their interest rates unnaturally altered. Already tainted by other scandals, banks are under investigation because of charges that they profited illegally from their rate-rigging scheme. The mess further taints big banks and puts more strain on the credibility of the global financial system. Here are five ways the Libor scandal could affect you:
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In Pictures: Tiger Woods through the years
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US stocks: Rally unlikely to last. Buy gold?
US stocks rising on 'hopes and prayers,' analysts says. If economic weakness continues, rally in US stocks likely to last hours or days, not months.
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Oil prices rise on optimism about Greece
Oil prices near $92 a barrel after weekend opinion polls show Greece's austerity parties could form a coalition. In London, oil prices move up nearly $1 a barrel.
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Taiwan set for Chinese invasion - of investors
Taiwan's economy is poised grow significantly this year as the island relaxes barriers to investment from its old rival, mainland China.
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Home prices: New numbers raise hopes they're finally starting to stabilize
Declines in home prices may be slowing, according to one report, while another has found the first year-on-year increase in prices since July 2007.
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Oil prices drop to $103 a barrel
Oil prices fell to near $103 a barrel Monday. Oil prices have been falling because of investor worries that economic growth in the US and China may slow more than previously expected.
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Imagining Cuba after Chávez
Venezuela provides Cuba with up to $15 billion a year, which helps offset the US embargo. But there is the real possibility Chávez may not win or survive another six-year term as president.
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Economy adds 120,000 jobs. Why the dip from bigger gains in early 2012? (+video)
The unemployment rate fell from 8.3 percent to 8.2 percent in March. Economists had been expecting higher numbers of new jobs.
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The Reformed Broker Axl Rose and your investment team
While band names and fund families may keep the same names, finding out if there are different players behind the scenes can mean a very different final outcome. Just look at the failure of the latest Guns 'N Roses album.
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Stocks end big week with a whimper
Dow and Nasdaq stock indexes edge down Friday after gaining more than 2 percent for the week. S&P sees small rise, despite an unexpected decline in consumer sentiment.
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Gas prices high? Oil price survey points to more increases.
Gas prices could be headed higher as oil prices are set to rise, a new survey finds. High gas prices could threaten recovery.
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401(k) plans: Did yours grow? Most didn't in 2011.
401(k) plans averaged $69,100 per participant at the end of 2011, down $300 from a year earlier. Fidelity said fees and poor investment performance were behind the lack of growth in 401(k) plans.
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Tech stocks: No shine for chipmakers till later in 2012
Tech stocks outlook for next two months is better for semiconductor equipment makers, analyst says. Upgrades to Windows 8 will fuel demand for tech stocks like Intel in the second half of the year.
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Wait, did the Fed bail out a bank last week?
The evidence is circumstantial, but some think that the Federal Reserve's spending indicates that it may have bailed out a major bank.
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Euro zone deal lifts stocks, not euro
Euro zone steps toward fiscal unions buoy stocks in Asia. But a fall in the euro underscores ongoing worries over the euro zone's debt crisis.
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With much fanfare, Venezuela's first batch of repatriated gold comes home
President Hugo Chávez oversaw the return of the first batch of Venezuela's gold from foreign banks. Was it a publicity stunt?
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Oil futures hit $98 a barrel ahead of reports
Oil futures rise as trader expect US supply reports to show stronger demand. US oil futures hit $98.33 in European trading.
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Unemployment claims dip. Job picture improving.
Unemployment claims: A slow decline signals the US economy is doing a little better. But unemployment claims need to fall further for a robust recovery in jobs.
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Bangkok floodwaters threaten Thailand's economy
As the most severe floodwaters in decades threaten to drown Bangkok's most famous market, observers worry that Thailand’s economy will also suffer.
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Kinder Morgan buys El Paso, creating natural gas behemoth
Kinder Morgan purchased rival pipeline operator El Paso Corp for $21 billion, creating what will be by far the country's largest pipeline distributor of natural gas.
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'Occupy' protests go global, riding wave of economic frustration
Protests in solidarity with 'Occupy Wall Street' occurred in US cities and around the world Saturday, sometimes drawing several thousand marchers. A key reason: Unemployment remains high, three years after a financial crisis in which banks got controversial bailouts.
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As an Amazon tablet looms, should Apple be worried?
An Amazon tablet is expected to be introduced Wednesday, at a press event in New York. But the big question remains: Will this thing have what it takes to compete with the iPad?
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Stocks tumble as worries about global recession grow
At about noon Thursday, the Dow Jones Industrial Average was off 370 points, or 3.3 percent. On Wednesday, the Federal Reserve said 'there are significant downside risks to the economic outlook.'
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Stock prices in Europe hit two-year low
Stock prices in Europe fall sharply after G7 finance ministers fail to come up with new measures. Bank stock prices, in particular, tumble over concerns of spreading euro debt crisis.
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Global markets drop sharply on US, Europe outlook
Global markets reflect worry about rising interest rates for eurozone's weakest nations and possibility of a US recession. Among global markets to tumble most: Germany, down 5.3 percent and France, down 4.7 percent.
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Faulty mortgage loans catch up with 17 big banks
Faulty mortgage loans were a major contributor to the recession and now a US regulator is suing 17 big banks for their role in those faulty loans.
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