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Libor rigging ‘was institutionalised at major UK bank’

Telegraph – Interest rate rigging was institutionalised at one of Britain’s biggest banks, an insider has claimed, with market manipulation openly discussed between managers, staff and customers.

Barclays was last week fined £290m for trying to fix the inter-bank lending rate but, in a first person account for The Daily Telegraph, a salesman at another major UK bank has claimed that “everyone knew” and “everyone was doing it”.

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