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

Book Review: 'Kinder Than Solitude'

Ellah Allfrey reviews Kinder Than Solitude, by Yiyun Li.
NPR

On Your Mark, Get Set, Grow: A Guide To Speedy Vegetables

Impatient gardeners don't have to wait for summer to harvest salad fixings. A surprising variety of crops will bring homegrown produce to your table in as little as three weeks.
NPR

Bloomberg Seeks To Alter Gun Debate With $50 Million, And Moms

Former New York Mayor Michael Bloomberg is committing more of his considerable fortune to getting gun safety laws passed. The initiative will support a grass-roots effort that seeks to enlist women.
NPR

When Parents Are The Ones Too Distracted By Devices

Parents often complain that smartphones keep their kids distracted from conversation. What happens when it's the other way around, when kids can't get their smartphone-glued parents' attention?

Leave a Comment

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