this story stretches far beyond Britain. Barclays is the first bank in the spotlight because it offered to co-operate fully with regulators. It will not be the last. Investigations into the fixing of LIBOR and other rates are also under way in America, Canada and the EU. Between them, these probes cover many of the biggest names in finance: the likes of Citigroup, JPMorgan Chase, UBS, Deutsche Bank and HSBC. Employees, from New York to Tokyo, are implicated.
The rotten heart of finance
. A scandal over key interest rates is about to go global.
Naomi Wolf: The media's 'bad apple' thesis no longer works.
This global financial fraud and its gatekeepers
posted by adamvasco
on Jul 14, 2012 -