Latest Financial crisis News

A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal

Mar. 27, 2024 12:54 PM EDT

LONDON (AP) — A British financial trader, who has been described as the ringleader in the manipulation of a key interest rate before and after the global financial crisis, lost his appeal Wednesday to have his conviction quashed. Tom Hayes, 44, who was a former trader at U.S. bank...

University of Arizona president to get a 10% pay cut after school's $177M budget shortfall

Mar. 05, 2024 15:01 PM EST

TUCSON, Ariz. (AP) — University of Arizona President Robert Robbins is about to get a salary reduction, but he doesn’t have a problem with that. In fact, he asked for it. Robbins has become a central figure in the school’s financial crisis. The university based in Tucson is...