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The Serious Fraud Office has stepped up its probe into rigging of the Libor interbank lending rate, making its first arrests in a scandal that has shaken faith in London's role at the heart of the global financial system.

Britain has stepped up its probe into rigging of the Libor interbank lending rate, making its first arrests in a scandal that has shaken faith in London's role at the heart of the global financial system.

Britain stepped up its probe into rigging of the Libor interbank lending rate, making Tuesday its first arrests in a scandal that has shaken faith in London's role at the heart of the global financial system.

Chancellor of the Exchequer George Osborne on Wednesday urged MPs to support plans for costly structural reform of the country's banks to avoid a repeat of the 2008 financial crisis.

Britain's finance minister George Osborne on Wednesday urged lawmakers to support plans for costly structural reform of the country's banks to avoid a repeat of the 2008 financial crisis.

Barclays on Thursday said it was setting aside a further £700 million ($1.13 billion, 862 million euros) to compensate clients mis-sold insurance by the embattled British bank.

Royal Bank of Scotland has suspended its head of rates trading for Europe and Asia Pacific amid a company probe into the Libor interest rate fixing scandal, the Financial Times reported on Tuesday.

Britain tightened the screws on troubled banks Friday, vowing to overhaul a "broken" Libor interest rate system that damaged the financial sector's reputation and threatening to imprison those who abused it.

Britain tightened the screws on troubled banks on Friday, vowing to overhaul a "broken" Libor interest rate system that tainted the financial sector's reputation, and threatening to jail those who abuse it.

Britain tightened the screws on troubled banks Friday, vowing to overhaul a "broken" Libor interest rate system that tainted the financial sector's reputation, and threatening to jail those who abuse it.

Britain's Libor interest rate needs a "complete overhaul" in the wake of the Barclays rate-rigging scandal, the nation's finance regulator will say Friday in an eagerly-awaited review.

Britain's Libor interest rate needs a "complete overhaul" in the wake of the Barclays rate-rigging scandal, the nation's finance regulator will say Friday in an eagerly-awaited review.

The British Bankers' Association (BBA) on Tuesday said that it was willing to give up its role of setting the Libor interest rate in the wake of a rigging scandal that rocked Barclays.

British bank Barclays on Thursday named retail and business banking head Antony Jenkins as its new chief executive, replacing Bob Diamond who resigned last month over the interbank rate-rigging scandal.

British bank Barclays on Thursday named retail and business banking head Antony Jenkins as its new chief executive, replacing Bob Diamond who resigned last month over the interbank rate-rigging scandal.

The head of the select committee inquiry into the Libor rate-rigging scandal has attacked ex-Barclays boss Bob Diamond for giving "highly selective" evidence, as its report was published Saturday.

The head of a British lawmakers' inquiry into the Libor rate-rigging scandal has attacked ex-Barclays boss Bob Diamond for giving "highly selective" evidence, as its report was published Saturday.

MPs have called for "urgent improvements" in the way banks are run and regulated in a report into the Libor rate-rigging scandal that rocked Barclays published Saturday.

Lawmakers have called for "urgent improvements" in the way British banks are run and regulated in a report into the Libor rate-rigging scandal that rocked Barclays published Saturday.

British no-frills airline easyJet on Monday fought off a bid by founder Stelios Haji-Ioannou to have the company's chairman Michael Rake removed owing to his link with scandal-hit Barclays.