British Lawmakers Call Barclays' Culture 'Deeply Flawed,&#...

08/20/12

Receiving Wide Coverage ...

Barclays Branded a Big Disgrace: Newly-minted Barclays Chairman David Walker has got a pretty tough job on his hands when it comes to revamping his bank's image. A new report from British lawmakers calls Barclays' steps towards rigging the London Interbank offered rate "disgraceful," says CNN. It also suggests the Libor scandal stemmed from a "deeply flawed culture" at the bank and was not simply the actions of a "small group of...

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