You'll pay for this, David Cameron tells Barclays bosses
Politicians line up to condemn bank in rate fixing scandal
Britain's biggest banks are facing the prospect of criminal investigations, enormous fines and civil lawsuits from customers over the developing scandal of rigging interest rates.
The Prime Minister urged banking regulators to use "all the powers at their disposal" to pursue Barclays after it was fined £290m for manipulating bank lending rates. "This is a scandal. It is extremely serious. They've had a very large fine and quite rightly. But frankly the Barclays management team have some big questions to answer," David Cameron said. "How did this happen? Who was responsible? Who's going to be held accountable for it?"