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Barclays rate-rigging scandal sends shockwaves through world finance

Marcus Agius, the chairman of Barclays Bank, who resigned Monday after the bank was fined over the inter-bank lending rate scandal. Barclays said Agius, who has chaired the bank for six years, would remain in his post until a successor was found. Photo: AFP.

The Barclays rate-rigging scandal is sending shockwaves through world finance, putting ethics and regulation under scrutiny, and raising the prospect of criminal charges in a sector-wide global probe. Britain’s Serious Fraud Office said Friday it will investigate the interbank rate manipulation scandal which has engulfed Barclays, forced three top resignations,…

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