Barclays fined for manipulating banks rates

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Source: BBC
The Financial Service Authority (FSA) fined Barclays for manipulating key interbank lending interest rates. Barclays will have to pay penalties worth 59.5 million British Pounds. Four the most senior bank executives will have to forgo bonuses this year. The FSA added that the bank's malpractice was serious and widespread.

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Thu, 28 Jun 2012 07:22:01 GMT

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