Home>Topics>>UK lawmakers say Libor case shows Barclays flawed
UK lawmakers say Libor case shows Barclays flawed
Reuters: Business News
Sat, 18 Aug 2012
LONDON (Reuters) - Company culture at Barclays was "deeply flawed" and the Bank of England's hand in removing its chief executive Bob Diamond was hard to justify, a UK parliamentary report into the "disgraceful" rigging of Libor interest rates said on Saturday.
Core bond funds have cut their interest - rate sensitivity relative to their benchmark, and Morningstar's Eric Jacobson says the dramatic changes in correlations have skewed common metrics, such as beta.
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