Page 44 - Flip Banks TG

ISSUE 2

Libor, Barclays & the Regulators

Barclays has a colourful history of fines for misconduct the

first of which was the LIBOR scandal of June 2012 where
Barclays was fined £290m for ‘serious and widespread’

misconduct.

Diagram 5
The process was systemic and abused the financial system

to the direct advantage of the banks involved since the

1990s