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California dreaming
The biggest banks can be blamed for many things, but causing a debt crisis in California isn't one of them. So concludes a report issued Thursday by the state's treasurer, Bill Lockyer. He said data...
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Judge clears Barclays 'sweetheart deal'
A federal judge signed off on the Justice Department's settlement of a trade-sanctions case with Barclays. The judge, U.S. District Court Judge Emmet Sullivan (right), endorsed the agreement Wednesday,...
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Barclays scandal: How big will this get?
By Larry Doyle, contributor The earthquake that rocked Wall Street and the global financial markets in 2008 continues to reverberate today. Just ask Bob Diamond, CEO of Barclays (BCS)... or I should...
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Barclays the biggest Libor liar? No, that may have been Citi
A trio of studies indicates that Citigroup understated its borrowing costs more than others. Update 7/20, 10:00 A.M. FORTUNE -- Earlier this week, Citigroup CEO Vikram Pandit told analysts not to use...
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Barclays and Libor's (lack of) integrity committee
Trade group put Barclays partially in charge of deciding whether Libor was broken. FORTUNE -- A husband and wife team who have launched a website critical of Wall Street practices have uncovered an...
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The death of Bob Diamond's dream for Barclays
Caught up in the Libor scandal, the star investment banker and American CEO of the British bank was forced to resign. His departure represents the end of an era for big banks. FORTUNE -- By the time...
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Libor and the folly of deregulation
The New York Fed dropped the ball during the Libor scandal. Could it happen again? By Sheila Bair, contributor FORTUNE — A lot of fingers are pointing in a lot of directions in the Libor price-fixing...
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Top class action lawyer won case, never told clients, they say
Warning: We are about to peek inside the class-action sausage factory; it’s not a sight for the squeamish. Last October, three clients of the nation’s preeminent class action lawyer, Bill Lerach, got...
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Report: Class action king Bill Lerach to “retire”
[This posting is written jointly by Fortune editor at large Peter Elkind and senior editor Roger Parloff] The nation’s preeminent class action lawyer, Bill Lerach, 61, informed at least one major...
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Defendant to plead guilty today in Milberg case
(This item is by Roger Parloff and Fortune Editor at Large Peter Elkind.) Defendant David J. Bershad, 67, a named partner at the indicted class-action law firm now known as Milberg Weiss & Bershad,...
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Barclays scandal: How big will this get?
The earthquake that rocked Wall Street and the global financial markets in 2008 continues to reverberate today. Just ask Bob Diamond, CEO of Barclays BCS … or I should say, the former CEO of Barclays....
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Barclays’ big stumble: It’s time for some damage control
FORTUNE — Talk of the demise of Barclays as a major player on Wall Street may be a bit premature. While the bank announced on Thursday that it was gutting divisions, firing thousands of employees, and...
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GoPro going public with $100 million IPO filing
FORTUNE — Video camera company GoPro filed for a $100 million initial public offering late Monday. The size of the IPO could change, as the $100 million valuation is likely a placeholder. The IPO has...
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EU regulators charge three banks over rate-rigging
FORTUNE — European Union regulators have filed formal charges against three banks over the alleged operation of an illegal cartel to rig interest rates. The banks in question — Credit Agricole CRARY ,...
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Credit Suisse got off easy
FORTUNE — On Monday, Credit Suisse became the first bank in decades to admit it broke the law. It sounds like a momentous occasion, but don’t be fooled. The consequences will be basically nil. CEO...
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Barclays fined $44 million over gold price fixing
FORTUNE — A U.K. financial regulator has fined Barclays BCS $43.8 million after it accused a former trader at the bank of improperly influencing gold prices. The British bank will be fined ?26 million...
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Royal Bank of Scotland set to cut hundreds of U.S. jobs
FORTUNE — The Royal Bank of Scotland RBS is reportedly planning to cut hundreds of U.S. jobs ahead of the implementation of tougher new regulations. A memo was sent internally Tuesday at RBS outlining...
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Barclays shares tumble on news of suit over ‘dark pool’
Shares in U.K. bank Barclays PLC BCS fell sharply early Thursday after news that New York State Attorney General Eric Schneiderman is hitting it with a securities fraud lawsuit over how it operates an...
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Brokers reportedly ditching Barclays over ‘dark pool’ lawsuit
A day after being sued for securities fraud by New York’s attorney general, Barclays is facing defections by brokers from its “dark pool” private trading exchange. Large broker-dealers like Deutsche...
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Barclays creates a new way to invest in women
Companies with a good number of women in charge tend to perform well for investors. Now Barclays BCLYF is launching a product to enable investors to play the "female leader" corner of the market. On...
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