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Monday, 17 November 2014

UK MPs accuse bank bosses of misleading Parliament while traders rigged foreign currency rates


From This is Money

“The bosses of the UK's biggest banks have been accused by MPs of misleading Parliament by claiming they had cleaned up their culture as their traders rigged foreign currency rates.

Mark Garnier, a conservative member of the Treasury Select Committee, said bosses were ‘either lying or incompetent’ when they assured MPs that they were stamping out corruption in their banks after a string of scandals.

Labour MP and fellow Treasury Committee member John Mann said senior bank executives had ‘misled Parliament’ and called for a ‘full inquiry’.”

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