The scandal splashed British banks

The Royal Bank of Scotland has been fined 150 million pounds (186 million euros) for market manipulation, as the scandal of the "manipulation of interest rates" splashes to other British banks, according to The Times. Barclays was previously sanctioned and imposed a record fine of 290 million pounds by manipulating the main interbank rates, the paper, while increasing the pressure on the entity's CEO, Bob Diamond, resign. After hearing the news, the company went on to lose over 3,000 million pounds a collapse of the stock pric.
In an editorial, the Times finds that:


Bob Diamond is a person of integrity ... However, the governing body has admitted serious irregularities that epitomize the concern about moral corruption that exists within modern investment banking ... Diamond must send a clear message about the expected behavior of the bankers, the responsibility of the principal and the values ​​of the City. The fastest and most effective way to do it would be resigning ... One way or another, Diamond must demonstrate that it is your responsibility.