Barclays Documents Spread Some Blame Around

In what may be interpreted as a move to lighten the burden of blame on its own shoulders, Barclays PLC (NYSE:BCS) (LON:BARC) has released documents that clarify its point of view and also reveal that the Bank of England and Federal Reserve were kept in the LIBOR loop. It also ropes in the FSA, the British Bankers’ Association, the U.S. Fed and other banks involved in setting the LIBOR rate.

The documents assume significance given that in a dramatic turn of events, both the chief executive and the chief operating officer of Barclays resigned as a fall-out...