Financial Times (July 12)
2012/ 07/ 15 by jd in Global News
“The banking sector hardly needs another scandal.” In just two weeks, Barclays has been sanctioned for market fixing Libor submissions, the Royal Bank of Scotland had a system failure which hindered customer account access, and now HSBC is being hauled in front of Congress for money laundering. “With the world’s biggest banks entangled in investigations, it is foolish to think that the industry, already scraping the bottom of the barrel of public goodwill, has put the worst behind it.”
Tags: Bank, Barclays, HSBC, LIBOR, Money laundering, RBS, Scandal
