London Interbank Offered Rate

Survey: We Don't Trust Global Business Leaders to Tell the Truth

Public trust in business, government and media leaders and has fallen in the wake of financial and political scandals, a new global survey reveals. Among the most glaring results: Fewer than 1 in 5 of us trust business leaders to tell the public the truth.

UBS to Pay $1.5 Billion in Fines Over Interest Rate Rigging Scandal

UBS, Switzerland's largest bank, agreed Wednesday to pay some $1.5 billion in fines to international regulators following a probe into the rigging of LIBOR, a key global interest rate. That makes UBS the second bank, after Britain's Barclays, to settle over the rate-rigging scandal.

Woman Who Lost Home Sues Big Banks Over LIBOR Manipulation

What can you do when a megabank takes your home? How about suing a dozen of them. Annie Bell Adams has filed suit against 12 of the world's biggest banks, alleging that their manipulation of the LIBOR rate caused her mortgage payments to be much higher than they otherwise would have been.

The LIBOR Scandal Explained in One Simple Infographic

The LIBOR scandal is being called the "Wall Street scandal of all scandals" but the nature of this massive fraud can be hard to fathom. This nifty infographic from AccountingDegree.net gives non-finance folk an idea of what the scandal is all about.

The $800 Trillion Scandal: How Banks' LIBOR Lies Affected You

The incredible LIBOR rate-rigging scandal is huge, and it's only going to grow in scope: Many of the world's largest banks have already been implicated in manipulating interest rates that are tied to some $800 trillion in loans and securities.