Regulators Fine Barclays 290m For Misconduct

The transcript discusses the scandal involving Barclays Bank, where manipulated data was provided to influence interest rates, known as Libor and Euribor. Bob Diamond, the CEO, and other board members faced scrutiny, with Diamond forgoing his bonus. The manipulation aimed to present Barclays as financially healthier than it was. The investigation revealed ethical breaches and a lack of compliance, impacting the bank's reputation and trust. The scandal highlighted the role of leadership in setting company culture and the widespread nature of the malpractice within the bank.

Who was the chief executive of Barclays during the scandal?

• Bob Diamond

• Allison Broken

• RBS Chief

• Jeff Randall

What was the primary reason Barclays manipulated data?

• To increase their stock price

• To convey a healthier financial state

• To comply with regulations

• To outdo competitors

What are the two markets mentioned that were affected by the manipulation?

• Dow Jones and S&P 500

• FTSE and DAX

• NASDAQ and NYSE

• Libor and Europe

What was the predicted number of staff involved in the malpractice according to a senior source within Barclays?

• A handful of people

• Hundreds of employees

• Only the CEO

• All board members

What was the ironic outcome of the scandal for Barclays?

• Acquisition by another bank

• Increased profits

• Loss of reputation and trust

• Expansion into new markets