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Barclays' defiance of US fines has merit

Jes Staley Interview Pic

Barclays disgraced itself in many ways during the pre-financial crisis boom years. So it is tempting to think the bank, when asked by US Department of Justice to pay a large bill for polluting the financial system with mortgage junk between 2005 and 2007, should cough up, apologise and learn some humility.

RBS rejected warning over cash call, lawsuit hears

RBS building sign

Just hours before Royal Bank of Scotland launched a massive cash call in 2008 to shore up its capital, the bank's senior advisers were still discussing whether its financial figures were potentially misleading for investors, court documents allege.

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Jes Staley Interview Pic

Barclays' defiance of US fines has merit

Barclays disgraced itself in many ways during the pre-financial crisis boom years. So it is tempting to think the bank, when asked by US Department of Justice to pay a large bill for polluting the financial system with mortgage junk between 2005 and 2007, should cough up, apologise and learn some humility.