Libor Scandal: As New York Fed Chief, Timothy Geithner Had Multiple Meetings With Barclays

by The Compliance Exchange on July 11, 2012

As president of the New York Federal Reserve before and during the financial crisis, Treasury Secretary Timothy Geithner met repeatedly with Barclays officials, according to documents released by the bank and the New York Fed.

Though the subject of those discussions is unknown, they came at a time when Barclays was also talking to New York Fed officials about problems with an interest rate known as Libor, some five years before the bankagreed to pay $450 million to settle charges that it manipulated that interest rate.