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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.

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