Wednesday, April 20, 2011
Barclays said to be at centre of LIBOR manipulation row
Sixteen global banks are under investigation for manipulationg LIBOR rates during 2008, when further rises in the rates would've collapsed the whole system. French newspaper Le Figaro suggests that Barcap are at 'the heart of the inquest'. Bob Diamond was the head of Barcap at the time. More details at The Slog.