FSA hits Barclays with record £59.5m fine

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The Financial Services Authority has fined Barclays Bank £59.5m for misconduct relating to the London Interbank Offered Rate and the Euro Interbank Offered Rate.

It is the largest fine ever imposed by the FSA. Barclays' breaches of the FSA's requirements encompassed a number of issues, involved a significant number of employees and occurred over a number...

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