Barclays has fired five employees following its internal investigation of the rigging of Libor interest rates and disciplined another eight people, the head of its investment bank said on Wednesday. Rich Ricci, chief executive of Barclays' corporate and investment banking, said "a lot" of the individuals identified in its internal probe had left the bank so it could not take action against them. [Reuters]
Re: Request To Manipulate Libor, Ex-Rabobank Trader Didn't Mean "No worries mate, glad to help" In, Like, A Literal Sense
This is all just a silly misunderstanding.
Ex-Barclays Trader Accused Of Libor Manipulation Is Totally Standup Guy, Says His College Baseball Coach
So this whole Libor rigging thing has come as a surprise.
Barclays Is 'Truly Sorry' It Got Caught Manipulating Libor Though Not Sorry Enough To Make Amends In Person
An ad in the paper will have to suffice. Barclays has made a public apology to customers and clients, saying they have “been let down” by the bank. “We are truly sorry for what has happened,” Barclays said in a advertisement published in several British newspaper today, including the Financial Times, the London-based Times and the Guardian. “You are the lifeblood of our business, and we will not allow ourselves to be distracted from what really matters -- delivering for you, day in and day out,” the statement, signed by Chairman Marcus Agius, says. “I also thank you for your business. It is our responsibility to earn the right to retain it.” Barclays Says ‘Truly Sorry’ For Letting Down Customers, Clients [Bloomberg] Barclays Makes Public Apology [HIC]