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Banking industry set for most invasive investigation ever after Barclays scandal

The BBC has recently learnt that ministers are set to order an independent review into inter-bank lending following the Barclays fiasco. It will be examining how Libor, the rate that the BBA, British Bankers Association, set on a daily basis, will operate in the future. Ed Miliband, the Labour leader, has called for a public enquiry into both the practices and the customs of the banking

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