All Barclays Employees Are Ordered to Watch This Video - From Management
Everyone rest assured. As long as anyone lives, Barclays will never, ever again manipulate Libor interest rates. How can we be so sure? The company made a video, of course. And you better believe they’re going to make employees watch it.
In fact, the bank is so set on making sure employees get it through their heads to not manipulate Libor that Rich Ricci, chief of the bank’s investment banking arm and star of the 12-minute film, even chose to read from a teleprompter “in the interests of transparency,” an employee who saw the film told CNBC.
Some employees aren’t convinced the intentions are pure. “This is just to provide cover so that Ricci can tell the FSA that he made us all watch this film,” one Barclays staffer told CNBC.