The Global Banking Scandal | WAMU 88.5 - American University Radio

WAMU 88.5 : The Diane Rehm Show

The Global Banking Scandal

The deputy governor of the Bank of England Paul Tucker goes before the British Parliament today as part of a widening probe into bank manipulation of a key interest rate. He will be quizzed about whether banks were encouraged to lie about the LIBOR during the 2008 financial crisis. LIBOR is the acronym for London interbank overnight rate, used to set interest rates for trillions of dollars of contracts worldwide. The scandal has already cost Barclays Bank its top three officials. As part of a $450 million dollar settlement with U.S. and U.K. regulators, the British banking giant admitted to rigging the LIBOR as early as 2005. The probe has widened to most global banks. Joining Diane to discuss the fallout are University of Maryland School of Law professor Michael Greenberger, chairman of the Commodity Futures Trading Commission Gary Gensler, Francesco Guerrera of The Wall Street Journal and Andrew Palmer of The Economist.

NPR

Dress Codes Are Open To Interpretation — And A Lot Of Contention

Recent incidents of customers being denied access to nightspots in Minneapolis and Austin have sparked conversation anew about the meaning and intent behind dress codes.
NPR

From McDonald's To Organic Valley, You're Probably Eating Wood Pulp

Many processed foods contain cellulose, which is plant fiber that is commonly extracted from wood. It's used to add texture, prevent caking and boost fiber. And it's been around for ages.
NPR

In Central America, Attempts To Cross U.S. Border Like 'Feeding Frenzy'

Thousands of Central American children are crossing the border and ending up in detention facilities. Host Michel Martin learns more about why so many children are fleeing Central America.
NPR

Twitter Turns World Cup Into A 'Global Sports Bar'

The Brazil vs. Germany World Cup semifinal created more activity on Twitter than any other sporting event had. Host Michel Martin learns about how social media has changed the tournament experience.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.