It certainly was an interesting week for Barclays PLC, and not in a good way. The multinational bank is still reeling from the fallout of its attempt to rig the daily settings of London Interbank Offered Rate (Libor) and the Euro Interbank Offered Rate and subsequent fine of 290 million Pounds. And there was no midweek holiday respite for the London-based bank, as the notorious British press continued to blast the financial institution. For your enjoyment, Bank Systems & Technology has compiled the most provocative quotes related to the Barclays LIBOR scandal.
July 06, 2012
3. What Will People Say?
While making an internal candidate CEO has attractions, in that they would hit the ground running, there might be problems with the perception of such an appointment.
— An anonymous top 25 Barclays shareholder on the potential public backlash if the bank appointed a new CEO from within.
Source: Bank Systems & Technology
