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Barclays Bank fined £26m for gold price fixing

24

Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Bantex wrote: »
    Is a fine that will not even be noticed a form of forgiveness? If I was fined 25p for speeding or stealing, it would not be a deterrent.

    You said it was a couple of days income for Barclays. I hope you earn more than £1.25 a week.
  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    Generali wrote: »
    You said it was a couple of days income for Barclays. I hope you earn more than £1.25 a week.

    sorry, meant a couple of minutes.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Bantex wrote: »
    sorry, meant a couple of minutes.

    Have you found your million quid council houses yet?
  • TickersPlaysPop
    TickersPlaysPop Posts: 753 Forumite
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    CLAPTON wrote: »
    indeed, a butcher could make money by land speculation and derivative trading but then I probably wouldn't call her a butcher

    Interesting sequence of posts Clapton.... if it's too personal pls don't answer, but what is your background? What do you did you work as? How old are you, do you still work? How much do you have invested in property and how much is your portfolio worth at the moment? How much do you currently have borrowed ?
    Peace.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    TickersPlaysPop wrote: »
    Interesting sequence of posts Clapton.... if it's too personal pls don't answer, but what is your background? What do you did you work as? How old are you, do you still work? How much do you have invested in property and how much is your portfolio worth at the moment? How much do you currently have borrowed ?

    what has that got to do with banks refusing to lend, so that property they don't own, appreciates in price (even though no-one can buy it as they can't get a loan)?
  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    edited 24 May 2014 at 5:01PM
    Generali wrote: »
    Have you found your million quid council houses yet?
    Abu Hanzas family have one. Sadly it appears you need to be a foreign terrorist with 7 or 8 kids to qualify.

    Not sure what it has to do with regulating banks though.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Bantex wrote: »
    Abu Hanzas family have one. Sadly it appears you need to be a foreign terrorist with 7 or 8 kids to qualify.

    I understand that Mrs Hanzas lives in an ordinary house which the taxpayer funds by housing benefit.
  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    CLAPTON wrote: »
    I understand that Mrs Hanzas lives in an ordinary house which the taxpayer funds by housing benefit.

    same thing to me.
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Bantex wrote: »
    I would guess that £26 million is a minute or twos turnover for Barclays. That'll show them.

    What do you think they should have been fined, based on the actual facts of the case?
  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    chewmylegoff wrote: »
    What do you think they should have been fined, based on the actual facts of the case?
    Enough that a major shareholder would feel something. Say 1% of any planned dividend.
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