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

Chess Wars: 20 Inmates, 5 Weeks, 1 Champion

Deep in the woods of New Hampshire, 20 inmates are engaged in a fierce chess tournament in a secluded prison. The prize may be just a paper certificate, but even then, winning means a lot.
NPR

Birmingham Chefs Test Appetite For New Flavors With Supper Clubs

Pop-up dining experiences are cropping up across the country. While diners savor an exclusive meal, chefs get to try out recipes and gauge the local market for their food before opening a restaurant.
NPR

Bernie Sanders Appears Poised To Defeat Hillary Clinton In New Hampshire

Going into the New Hampshire primary on Tuesday, Sen. Bernie Sanders appeared poised to defeat rival Hillary Clinton in the state. NPR explores how meaningful such an outcome would be for each campaign going forward.
NPR

Password Security Is So Bad, President Obama Weighs In

In unveiling a sweeping plan to fund and revamp cybersecurity, the president asks citizens to consider using extra layers of security besides the password.

Leave a Comment

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