'In a memo to the Barclays staff, the
bank’s executive committee said a dozen of rival banks are expected to
be drawn into the scandal which has rocked their bank, reported Reuters.
“As other banks settle with authorities, and their details become public, and various governments' inquiries shed more light, our situation will eventually be put in perspective”, said the bank’s executive committee in the memo.
This comes as the Bank of England’s deputy governor, Paul Tucker, has already said that the Barclays scandal is just the tip of the iceberg for City corruption. Tucker told British MPs that greedy bankers may have been rigging the figures across dozens of other markets.'
“As other banks settle with authorities, and their details become public, and various governments' inquiries shed more light, our situation will eventually be put in perspective”, said the bank’s executive committee in the memo.
This comes as the Bank of England’s deputy governor, Paul Tucker, has already said that the Barclays scandal is just the tip of the iceberg for City corruption. Tucker told British MPs that greedy bankers may have been rigging the figures across dozens of other markets.'
