Barclays have been hit by record fines for distorting key interest rates including the London Interbank Offer Rate and the consequences of this appalling contamination of the market for interest rates for lending and borrowing between the banks are likely to be far-reaching for the banking industry as a whole. Barclays has agreed to pay $453m for using underhand tactics, including price-fixing, to rig the markets. Keep an eye on the new because this interest-rate fixing scandal is set to engulf HSBC, Lloyds Banking Group and Royal Bank of Scotland.

The Governor of the Bank of England has launched a scathing attack on the culture of the UK banking industry

Channel 4 News

Al Jazeerah News

 

Bank of Englandf Governor

Featured
CPD courses

Teaching Behavioural Economics at A Level

Discover teaching & learning resources and approaches to support the behavioural economics teaching content for the new A Level Economics specifications.

Learn more ›

Teaching & learning products

AS Macroeconomics Revision Guide

This 44-page, full-colour printed revision guide is designed to support students preparing for their AS Economics exams on macroeconomics. tutor2u's Geoff Riley provides comprehensive coverage of all the core macroeconomic topics for AS Economics

£4.00

AQA AS Economics Worked Answers (2014)

Exemplar A Grade answers to the AQA ECON1 and ECON2 exam papers in summer 2014

£5.00