Regulators Fine Barclays £290m For Misconduct

Libor Rate Faces Review Amid Barclays Scandal

Barclays Bank has been fined £290m by regulators in the United States and Britain - a record sum.

The lender agreed to pay the penalty in return for settling a case involving the bank's manipulation of the London interbank lending rate, known as Libor.

As a result, its chief executive Bob Diamond has said he will waive his bonus for the current financial year.

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