FSA Chief: Libor is Broken, Here's How You Fix It

Oversight of Libor should be handed to the U.K.’s financial regulator, and dozens of currencies and maturities that make up the benchmark should be cut, Britain’s markets chief said.
Six Confess to Market Crimes in China Probe
10:35 - China's state media is reporting swift confessions after investigations into alleged market-related crimes. Four executives from the nation's largest brokerage, a financial journalist and even an official at the securities regulator have reportedly admitted wrongdoing in the current stock volatility. Bloomberg's Stephen Engle reports on "Asia Edge." (Source: Bloomberg)
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