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Barclays probed over alleged Libor rigging


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Barclays probed over alleged Libor rigging

 

By Ruth Sunderland

25 March 2011, 8:03am

Barclays bank is at the centre of investigations into the alleged rigging of lending rates between major banks that are used to peg hundreds of billions of pounds of financial products including mortgages and savings.

 

Probe: Barclays is one of four banks to receive a subpoena about the setting of the Libor rate

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Regulators in the UK, the US and Japan are looking at whether Chinese Walls broke down between the treasury arm of the bank, which helps set the London Interbank Offered Rate, or Libor, and its traders.

http://www.thisismoney.co.uk/news/article.html?in_article_id=526977&in_page_id=2
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Surely not! Oh, surely not Barclays. They are far too honest. I know that they used to have a culture of dishonesty - the BBC said so. But their CEO assured us all at the time that things would change

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