Barclays: What’s a little interest rate change between friends and a bottle of bolly?

Let me get this straight. Traders at Barclays bank actively manipulated one of the world’s most important interest rates, which affects the mortgage rate millions of people pay on their homes? They did this secretly and deliberately in order to increase their profits? They did this as favours to each other, and promised each other bottles of Bolly in return? They did it so casually that that they said things like “low one million and three million would be nice”? They said things like “dude, I owe you big time”?

By Christina Patterson | Eagle Eye, Notebook, Opinion | Thursday, 28 June 2012 at 1:31 pm