Sunday, July 1, 2012

The rotten state of finance

Barclays Chairman Said to Be Poised to Resign After Libor Fine

Barclays Plc (BARC) Chairman Marcus Agius plans to resign after the bank was fined a record 290 million pounds ($455 million) for trying to rig interest rates, sparking a political outcry, according to a person briefed on the matter.

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