libor fixing

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  Barclays Fined £290 Million Over Libor Fixing

  28 Jun 2012 by Jasmine Stone / 1 Comment

  Well this is terribly worrying. Yesterday, Barclays bank – one of the biggest banks in the world – was fined a record £290 million for attempting to manipulate the world’s benchmark borrowing rate – the Libor. This is a huge blow to the bank’s reputation and raises questions over the future of chief executive Bob Diamond. Up to 40 other global banks face being named and shamed too.

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