Barclays Caught Lying? Quelle Surprise!!

Apologies for the lack of posts, I’ve been both busy at work and travelling a bit and I’m in the middle of an enormous post on a trip to Germany which is taking a while.

But this I want to comment on:

Barclays Bank PLC Admits Misconduct Related to Submissions for the London Interbank Offered Rate and the Euro Interbank Offered Rate and Agrees to Pay $160 Million Penalty

So Barclays Bank has been caught lying through its arse, eh?  That’s strange, I always thought Barclays were such paragons of honesty and competence.

What a shame!


3 thoughts on “Barclays Caught Lying? Quelle Surprise!!

  1. I am a Barclay’s international banking customer also. I am in the process of transferring a middling sum of money from Australia to Britain. (Low five figures). I asked them for an exchange rate quote, and they quoted me something that amounted to a fee of about £700 for the transaction – something akin to what I would be offered by a corrrupt moneychanger in an airport.

    Seriously, is the hope that I would not notice?

  2. What a dismally unimpressive little weasel Bob Diamond proved to be before the MPs’ committee.

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