Barclays Nukes The Bank Of England, And Basically Accuses It Of Being Behind Their Interest Rate Manipulation

This morning, British investment bank Barclays announced that its CEO Bob Diamond would immediately resign in the wake of a massive fine over manipulating interest rates a few years ago. Specifically, Barclays has been accused of submitting false numbers about how much it was borrowing money at, skewing LIBOR (which is an index measuring the rate at which banks borrow money at). Diamond will be...