×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download App

Sh38 billion Barclays fine will change banking

By Pravin Bowry

Last week Barclays Bank Plc (not its subsidiary Barclays Bank Kenya) was ordered to pay the largest ever civil monetary penalty imposed by the UK and US authorities to settle allegations that it manipulated key interest rates over a period of five years from 2005 to 2009.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in