Amoral lessons from a Libor scandal

The Barclays scandal has again highlighted rife dishonesty among the globe's biggest banks and a closer look at the psychology behind stealing reveals its infectious nature.

Barclays was the first shoe to drop. So far, 20 banks have been named in investigations or lawsuits alleging that Libor was rigged, a total violation of trust and insider trading on a massive scale. As The Economist archly notes, the scandal corrodes "what little remains of public trust in banks and those who run them".


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