I’m a subscriber to The Economist. This week I am absolutely loving their cover on the banking crisis: “Banksters” is the one word title, with a wonderful image. This week has definitely been a bad one for banks, and Bob Diamond, disgraced ex-CEO of Barclays did nobody any favours by the unbelievable approach he took to the interviews he had with MPs.
If you’re a little confused by the intricacies of the issues related to interbank lending rates, regulators and financial intrigue, then you might find the following articles very helpful. They’ll give you the background without overwhelming you with the details, and they also suggest solutions. Well worth the investment of a few minutes of your time:
- The rotten heart of finance: A scandal over key interest rates is about to go global
- Banksters: How Britain’s rate-fixing scandal might spread—and what to do about it
- Libor Interest Rate Scandal: Crime of the Century
- ‘Not on my watch’: applies to banks and the navy
- Libor’s Dirty Laundry
- First-mover disadvantage: Bob Diamond, Barclays and regulators are all battling to save their reputations
The Economist cover is below:
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