Barclays, LIBOR and Banking Culture

The more the world learns about international banking, the more it looks like a "cheating culture." We hear about the growing LIBOR scandal and what it could mean for $350 trillion in contracts from multi-national business and municipal government down to mortgages and student loans. Also, the showdown deepens between Egypt's president, the military council and the courts, and another battle over how far the Bush tax cuts should be extended.

Banner image: Bob Diamond, then-CEO of Barclay's UK, speaks at the World Economic Forum Annual Meeting in Davos, Switzerland, January 27, 2012. Photo by by Moritz Hager, courtesy of the World Economic Forum/flickr