Hate to see it
Barclays
Double Standard
After five of the world’s biggest banks pleaded guilty to criminal charges—and no one will face jail time for those crimes—it’s time to admit Stewart should have never been behind bars.
Smoking Guns
The British bank paid $450 million to settle charges of interest-rate manipulation—and released scandalous emails.
From England to America, banks have more power than ever to twist interest rates in their favor. Throw in bonuses, writes Alex Klein, and you have all the makings of a multinational scam.
While just about every top banking executive declined a bonus this year, a relatively unknown former Lehman Brothers snagged himself a $25 million a year contract. Some are crying foul.