Tuesday, July 17, 2012

Barclays exec blames Bank of England

Jul 16, 2012 by

The chairman of UK's financial regulation authority has admitted the compliance watchdog had failed to prevent illegal activity at Barclays.

The rate fixing scandal surrounding one of the world's biggest financial institutions is far from over. A former top executive at Barclays claims the Bank of England approved the lowering of lending rates.

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