Barclays bank PLC (LON:BARC) (NYSE:BCS) was fined $453 million for its alleged role in manipulating the LIBOR, a benchmark financial rate that is used to settle derivatives and other global contracts amounting over $500 trillion. Earlier today, news broke that Barclays Chairman Markus Agius had resigned, owning responsibility for the scandal: "The buck stops with me and I must acknowledge responsibility by standing aside."
Agius also quit from his position as Chairman of the British Bankers’ Association,...
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
This article is only available for Premium Members
Subscribe today and get :
Insider Strategies and Letters to Shareholders from the Top Hedge Funds
Exclusive Access to coverage of Private, Closed-Door Investor Conferences
Hedge Fund Manager Research Currently Producing 21% – 40% Returns Annually
Don’t have an account?
Subscribe now and get 7 days free!