Saturday, June 30, 2012

More Bank Scams-- Barclays

Banksters at work:
Barclays was fined £290m ($450m) on Wednesday by the UK and US authorities after an investigation into claims that several banks manipulated the Libor rate at which they lend to each other.
Investigators say that Barclays' traders lied to make the bank look more secure during the financial crisis and, sometimes - working with traders at other banks - to make a profit.
Barclays had acknowledged that its actions between 2005 and 2009 had fallen "well short of standards".
The head of Barclays naturally just blames it all on a few bad traders.

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