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Ben Bernanke to face US senate questioning over Barclays fallout

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Image from a quicklink Federal Reserve chairman Ben Bernanke is set to be quizzed about the failure of US regulators to stop bankers manipulating interest rates as the fallout of the Barclays Bank scandal spreads to the US. Senator Tim Johnson, the chairman of the banking committee, said Tuesday that Bernanke should be prepared to discuss the possible illegal manipulation of the London Interbank Offered Rate, or Libor, by banks in Europe, Japan and the US when he appears before the panel later this month. Johnson said treasury secretary Timothy Geithner would also face senators' questions on the scandal at a separate hearing.

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At www.guardian.co.uk

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