Tuesday, July 10, 2012

Barclays' Agius faces lawmakers over rate-rigging scandal

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Barclays Chairman, Agius, leaves number 10 Downing street after a business ambassadors meeting in LondonLONDON (Reuters) - Marcus Agius, the man at the top of Barclays when its traders rigged a global benchmark interest rate, faces questions from British lawmakers on Tuesday about what he knew about a scandal that threatens a dozen more international banks. Barclays has been fined more than $450 million for its part in manipulating the London Interbank Offered Rate, or Libor, the interest rate that underpins financial transactions worth hundreds of trillions of dollars. ...


Source: http://news.yahoo.com/barclays-agius-faces-lawmakers-over-rate-rigging-scandal-003351793--finance.html

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