LIBOR Lowlights, RIM's Downfall, Where's Jon Corzine and more

The LIBOR scandal and the fall of Barclays' CEO Bob Diamond dominated financial services coverage this week, while others chatter about disgraced MF Global CEO Jon Corzine, RIM's continued downward spiral and Goldman Sachs new universe.
By Greg MacSweeney
July 06, 2012

3. Move Along, Nothing To See Here Folks

There's nothing wrong with the company as it exists right now.

— Thorsten Heins, the chief executive of RIM, after the company announced a delay in the BlackBerry 10 on which it has staked its future, said it would shed 5,000 out of 16,500 jobs, posted a $512 million quarterly loss and saw its share price drop by about 95 percent.

Source: New York Times



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