"Barclays' experience in handling this late unpleasantness will provide a helpful template for them when regulators come knocking at the door: Offer to pay a fine that amounts to a fraction of annual profits, and your executives and employees will avoid being named, let alone prosecuted. Barclays made $14 billion net profit in 2009, at the height of the LIBOR rigging scheme, and $4.7 billion net in 2011." - Andrew C (✓) from Bookmarklet

"Regulators are seeking to spin the Barclays story into one of effective government oversight. [...] But both Mr. Agius and Mr. Diamond remain millionaires many times over; the bonuses paid out to the traders and supervisors involved in fraud in years past have not been clawed back. And no one is facing jail time. The regulatory message so far amounts to: "Don't get caught, or else we'll ask you to stop doing what you're doing."" - Andrew C (✓)

"Barclays employees were lying to help the bank's derivative traders control prices, and thereby steal from the investors on the other side of their trades. And they weren't alone. The US government says a group of Barclays traders focused on the euro swaps market "coordinated with, and aided and abetted traders at certain other banks to influence the Euribor submissions of multiple banks, including Barclays, in order to affect [published EURIBOR rates] and thereby benefit their respective derivatives trading positions." These other banks haven't been named." - Andrew C (✓)