A branch of Barclays bank
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Ministers order bank rate review after Barclays fine

An independent review of the workings of the Libor inter-bank lending rate has been announced by the government in the wake of the Barclays fine.

Barclays was fined £290m ($450m) for attempting to manipulate the Libor, and other banks are being investigated.

Labour leader Ed Miliband has called for a public inquiry into the customs and practices of the banking industry.

Carole Walker reports.

  • 30 Jun 2012
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