Simone Foxman, Business InsiderJuly 13, 2012 16:49

A document dump from the Federal Reserve Bank of New York earlier today indicates one thing: the Federal Reserve, the Bank of England, and the British Bankers Association knew that traders were misreporting the data used to calculate one of the world's most important financial benchmarks for years.

Letter from London: The challenged chancellor

Michael GoldfarbJune 16, 2012 06:00

LONDON — The British establishment loves its traditions. Once a year, the Chancellor of the Exchequer puts on his tuxedo and goes for dinner and to give a speech at the Mansion House, official residence of the City of London's Mayor. He grabbed headlines with a UK stimulus. But he still hasn’t recovered from favoring fat cats over grannies.

Michael GoldfarbDecember 1, 2011 08:22

The euro zone: the central bankers' latest view on the crisis

Following a massive intervention from central banks, the ECB's Mario Draghi and Bank of England's Mervyn King analyze the current state of play in the euro zone

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European Central Bank Chief Mario Draghi arrives at the European Parliament in Brussels to give his first speech since taking up the job last month. He called for a fiscal union throughout the euro zone. (THIERRY CHARLIER/AFP/Getty Images)

ECB's Draghi calls for euro zone fiscal union, Bank of England's King calls for bankers to forego bonuses and use the money to prop up their balance sheets.

Michael GoldfarbNovember 16, 2011 07:32

Austerity: Britain isn't working or growing

As predicted, the Conservative-led coalition government's drive to halve Britain's deficit in four years has led to a massive rise in unemployment, and with no growth there's no end in sight

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The Bank of England lowered its growth forecast for next year to 1 percent. That's bad news for the record 1 million under 25's who are without work. (ADRIAN DENNIS/AFP/Getty Images)

As predicted Britain's austerity policy has led to a dramatic rise in unemployment and slow economic growth.

Michael GoldfarbOctober 7, 2011 03:01

Shock and Awe: Bank of England announces a massive, new round of quantitative easing

With the euro zone and the U.S. economies seizing up Britain's central bank pours more money on the economic crisis.

British Understatement?

"This is the most serious financial crisis at least since the 1930s, if not ever."

So spoke Sir Mervyn King, governor of the Bank of England yesterday. You don't get to be head of Britain's central bank by indulging in hyperbole.

New documents show central banks knew about LIBOR manipulation for years

Letter from London: The challenged chancellor

The euro zone: the central bankers' latest view on the crisis

Austerity: Britain isn't working or growing

Shock and Awe: Bank of England announces a massive, new round of quantitative easing