Pinnacle Digest writes: Scandal in Britain has erupted as Barclays' investment firm has been caught red handed manipulating LIBOR rates. Barclays is more than 300 years old and employs north of 140,000 people. Its CEO has resigned, pending an investigation into its role of providing daily LIBOR fixing to Thomson Reuters.
Pinnacle Activity Ticker
Dr. Robert A. Eisenbeis23,271
Dr. Robert A. Eisenbeis is Cumberland Advisors Chief Monetary Economist. In that capacity, he advises Cumberland’s asset managers on developments in US financial markets and the domestic economy and their implications for investment and trading strategies.
Dr. Eisenbeis was formerly Executive Vice President and Director of Research at the Federal Reserve Bank of Atlanta where he advised the bank’s president on monetary policy for FOMC deliberations and was in charge of basic research and policy analysis. Prior to that he was the Wachovia Professor of Banking at the Kenan-Flagler School of Business at the University of North Carolina at Chapel Hill. He has also held senior positions at the Federal Reserve Board and FDIC. He is currently a member of the Shadow Financial Regulatory Committee and Financial Economist Roundtable and a fellow of the National Association of Business Economics. He has a BS degree from Brown University and masters and Ph D degrees from the University of Wisconsin-Madison.