BankThink

The story of Barings speaks to another era, but also to banking's eternal vulnerabilities.

Receiving Wide Coverage ... A Hard Rain's Gonna Fall: JPMorgan Chase (JPM) on Thursday became the latest megabank implicated in the global scandal involving the rigging of Libor, the London Interbank Offered Rate. The U.S. banking giant coordinated its Swiss franc Libor submissions with those of Royal Bank of Scotland, which, Scan noted yesterday, has itself reached a $612 million rate-rigging settlement. The JPM connection surfaces through documents filed in connection with RBS's deal earlier in...

Taken to the extreme, new guidance from the Federal Reserve will require boards to evolve into something close to shadow-management.

Virtually all discussions of banking crises these days assume that depositors should always be protected, often at taxpayer expense. Let's consider whether at least some depositors should be bailed in.

Receiving Wide Coverage ...

And RBS Makes Three: Royal Bank of Scotland has reached a settlement with U.S. and U.K. regulators over its involvement in the Libor rate-rigging scandal. The settlement includes a combined $612 million fine. As previously speculated, RBS' Japanese unit pled guilty to criminal wrongdoing. Per Dealbook, this involves "a single count of felony wire fraud to settle the case." John Hourican, the head of RBS's investment bank, resigned as part of the...