The Libor scandal continues to spread, with more banks and regulators being placed under the microscope for their involvement in rate rigging. Meanwhile, Wall Street's image continues to take a pounding while UBS Americas' chairman strikes out on his own.
6. Libor Reality
Libor. What is that? … I had it as the mythical half-wild boar, half lion that was rumored to have killed Achilles' brother Jimmy the Greek.
— Jon Stewart, The Daily Show
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio