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!
http://www.dustbury.com/archives/14741
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?
What a dismally unimpressive little weasel Bob Diamond proved to be before the MPs’ committee.