LIBOR Scandal

Barclay was fined 290 million pounds with their boss having to resigned.  But it seemed that the case is far from over as 4 other banking giants are under scrutiny.   They are currently being investigated by British financial regulators.   Issue of LIBOR threatened to spill across borders as other nations started their own investigations.   I guess it is another big blow for the banking and financial sectors which are still reeling from the aftermath of the Housing crisis.