Britain's Serious Fraud Office launches a criminal investigation into the Libor scandal.
The British bank Barclays fires Chief Executive Antony Jenkins for his failure to reduce head count and the pace of cost cutting with Chairman John McFarlane to act as interim CEO until a replacement is appointed. The bank was recently convicted of earning billions through fraud as part of the LIBOR scandal
Deutsche Bank pays $2.5 billion to settle an investigation by the United States and the United Kingdom related to manipulation of the Libor or London Interbank Offered Rate. It will also plead guilty in a US court case.