U.K. lawmakers accused regulators of serious shortcomings in their failure to stop Barclays from manipulating a key interest rate, and told the central bank it was naive to think banks wouldn't behave dishonestly in order to overstate their health.
WSJ.com: What's News US, Wall Street Journal
Sat, 08/18/2012 - 1:52pm
U.K. lawmakers accused regulators of serious shortcomings in their failure to stop Barclays from manipulating a key interest rate, and told the central bank it was naive to think banks wouldn't behave dishonestly in order to overstate their health.