Published: 27 July, 2012, 14:31
British bank Barclays faces a new regulatory probe at home and more lawsuits in the US over the Libor rate fixing case. The lender has officially apologized over its involvement in the scandal as it reported a multi-billion dollar profit.
The UK Financial Services Authority is investigating whether the bank made sufficient disclosures about the fees it paid under commercial agreements in June and November 2008. The investigation involves current and former senior employees such as finance director Chris Lucas.
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