Thing One: Barclays’ Bad News:Barclays just can’t seem to escape that pesky Libor scandal. The bank reported its earnings on Friday and revealed that it’sfacing more lawsuits over rate-riggingthan previously thought. At least Barclays officials seem to know that they have to keep apologizing if they ever want this thing to go away; Bloomberg reports that the company’s chairman, Marcus Agius,said in a statement that the company is “sorry for what has happened, however, our leadership continues to focus on the delivery of our financial performance targets.”
The apology may not help the bank avoid further lawsuits. Many mutual funds have launched internal investigations in an aim to figure out if they were hurt badly enough by the Libor manipulation that it warrants suing, according to The Wall Street Journal.
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