Page 28 - Barclays Bank (B) Teaching Note

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