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SFO agrees to probe Libor affair
Jul 6th, 2012
LONDON (Reuters) - Britain's fraud-busting agency on Friday said it had agreed to investigate the Libor interest rate-rigging scandal, which on Tuesday led to the departure of Barclays chief executive Bob Diamond. "The SFO Director David Green QC has today decided formally to accept the Libor matter for investigation," the Serious Fraud Office said in a brief statement. ... (Source: Reuters) -
ROME (AP) - With a heavily polarized Parliament unable so far to agree on a new president for Italy, Italian President Giorgio Napolitano yielded Saturday to pleading from political leaders to be a candidate for an unprecedented second term and quickly end an impasse which has thwarted efforts to form a government in the recession-mired country. (S... [Full Article]
PARIS (Reuters) - The French stock market authority has found LVMH secretly bought shares in rival Hermes to build a stake, and not merely make a financial investment as the luxury group has claimed, a newspaper reported. LVMH said it would fight the findings of the watchdog's probe before its sanctions committee when it meets on May 31 to hea... [Full Article]
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