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 The guy who tried to rig gold prices and cost his bank $44 million

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The guy who tried to rig gold prices and cost his bank $44 million Vide
PostSubject: The guy who tried to rig gold prices and cost his bank $44 million   The guy who tried to rig gold prices and cost his bank $44 million Icon_minitimeSat May 24, 2014 12:02 am
It was all over in 10 minutes, but it cost Barclays nearly $44 million and landed another blow to the giant bank's reputation.

Nearly two years ago, a Barclays trader took advantage of weak internal controls in a bid to rig the price of gold and profit at a customer's expense.

On Friday, Barclays (BCS) was fined £26 million, or nearly $44 million, by British regulators. Public documents lay out how the trader was able to slip through the bank's oversight.

The guy who tried to rig gold prices and cost his bank $44 million 140523091554-london-gold-royal-mint-620xa

More:  http://money.cnn.com/2014/05/23/investing/barclays-gold-rigging/index.html
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