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Barclays fined £290m for 'serious' misconduct

Barclays is at the centre of a new banking scandal after lying about the interest rate it was paying on loans.

The bank has been fined £290m for what the authorities describe as 'widespread, serious' misconduct.

The fine includes the biggest ever penalty imposed by the financial watchdog here.

The chief executive Bob Diamond has decided not to take his bonus for 2012, but he is facing calls to resign.

Robert Peston reports.

  • 27 Jun 2012
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