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Thursday, June 28, 2012

''RBS and Lloyds drawn into rate-rigging scandal''

From The Telegraph
 
''Bob Diamond, the chief executive of Barclays, is under pressure to resign after the bank admitted it had conspired to fix global interest rates with David Cameron, the Prime Minister, saying he should take responsibility.

The scandal now threatens to engulf taxpayer-funded Lloyds and RBS, which according to court documents obtained by The Daily Telegraph have also been accused of routinely distorting basic financial data used to set interest rates.''

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