Journalist for @TheAtlantic, @AJEnglish, @WashingtonPost, @USNews etc. Occasional podcaster. Former EU and D.C. correspondent.
Will Switzerland Fall Prey to the Troubles of th...
LIBOR Ruling Good for Investors, Bad for Custome...
The good news is, people aren't freaking out. The Knight Capital (NYSE: KCG ) debacle is just the most recent in a series of the innocuous-sounding "market events" which includes the flash crash of May 2010 and the Facebook IPO meltdown. It's supposed to be enough to make even the most intrepid investor wary. So why isn't it changing the way we invest?
UBS (NYSE: UBS ) is the latest bank to face consequences of this summer's LIBOR scandal, in which 16 banks were allegedly involved in manipulating the rate that sets interest rates for 10 currencies. The Swiss bank is expected to pay $450 million in fines and admit its involvement in reporting false rates to increase profits.
The Bank at the Heart of the LIBOR Scandal (RBS)
Is Investing in Indonesia Worth the Risks?