Friday, July 13, 2012

LIBOR scandal

See: Libor scandal: In depth news, commentary and analysis from the Financial Times.

Once again, the banks (in this case mostly UK, but possibly also some US) are in the 'hot seat', seen to be working for their own self-interest rather than that of the customers and perhaps not even of its shareholders.
barclays 400

The scandal also shows up the unethical behaviour of some bankers who do not see illegal actions as something to be avoided but rather to be boasted about.

See also -;postID=6150666644106968603

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