Barclays CEO Will Get 'Serious Questions' On Libor Dealings

Law360, New York (June 28, 2012, 5:32 PM EDT) -- Barclays PLC CEO Robert Diamond has some “very serious questions” to answer over the bank's actions that led to its over $450 million settlement of allegations that it manipulated two key interest rates set by British and European bankers, a top U.K. official said Thursday.

Chancellor of the Exchequer George Osborne also told Parliament that the Financial Services Authority and the Serious Fraud Office were looking into potential criminal charges related to the fixing of the London Interbank Offered Rate and the Euro Interbank Offered Rate,...
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