Barclays and the Libor: Anatomy of a Scandal Harvard Case Solution & Analysis

On June 27, 2012, the storied British bank Barclays reveal that it repetitively tried to rig the London Interbank Offered Rate (LIBOR) over a four-year span from 2005-2009. In its settlement, Barclays approved to pay $453 million in fines and penalties to bank regulators in the U.K. and U.S.

The media condemn Barclays' rate-rigging effort as "the scandal of all scandals" and bemoaned the spread of "Wall Street sleaze." By late 2012, dozens of other banks did really tackle LIBOR-rigging questions by regulators in several nations. This case investigate into the scandal, investigating the way the rate-rigging worked, by what method the culpability was laid, and who knew what when, allowing pupils to explore the situational and social pressures involved in the rigging of the LIBOR.

PUBLICATION DATE: November 07, 2013 PRODUCT #: ETH03-PDF-ENG

This is just an excerpt. This case is about FINANCE & ACCOUNTING

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