WASHINGTON (AP) — Sensing a Republican tidal wave, President Bill Clinton worried in the summer of 1994 that Republicans were energized heading into the midterm elections while his Democratic base was deflated. "There's no organization, there's no energy, there's no anything out there," Clinton said of his own party.
AUSTIN, Texas (AP) — It's been nearly three decades since Spandau Ballet played in the United States. After a successful return to America at South By Southwest, members of the influential British pop group now wonder why they stayed away for so long.
By Nate Raymond and Aruna Viswanatha NEW YORK/WASHINGTON (Reuters) - The Federal Deposit Insurance Corp sued 16 of the world's largest banks on Friday, accusing them of cheating dozens of other now defunct banks by manipulating the Libor interest rate. The global financial institutions broke certain swaps contracts they had entered into with the now-closed banks, by separately colluding to rig the Libor rate to which the contracts were tied, the FDIC said. Some of the banks accused in the lawsuit, including Barclays Plc and UBS, have already paid some $6 billion to resolve charges from U.S. and European authorities that they worked to manipulate benchmark interest rates. A federal judge last March dismissed many of those claims that were based on antitrust law, but has yet to rule on cases that rely on the "breach of contract" theory used by the FDIC.