Economy - Voice of America: British Banking Scandal Likely to Spread

Economy - Voice of America economy-and-business

British Banking Scandal Likely to Spread Jul 11th 2012, 16:20 A scandal over a major British bank unfairly manipulating interest rates threatens to engulf more major banks around the world.  The case has already seen Barclays Bank pay a huge fine, sparked a flurry of investigations and hearings, and might result in changes in laws that govern financial firms.   Impact Barclays is one of 18 banks that help set a daily benchmark for many interest rates around the world by reporting what they expect to pay to borrow money.  The result ... Media files: 39F0B700-3E57-45E2-8214-B86A33EFEAE3_cx0_cy8_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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