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".


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles