Bloomberg News

Osborne: Looking at Whether Barclays Fine Can Benefit Taxpayers

June 28, 2012

Chancellor of the Exchequer George Osborne said the U.K. is examining whether the fine paid by Barclays Plc can be channeled to the taxpayer rather than going into a fund that reduces the amount other banks have to pay in case of wrongdoing.

“We are specifically looking at whether this fine can go to the taxpayer,” Osborne told lawmakers in Parliament in London today.

To contact the reporter on this story: Kitty Donaldson in London at kdonaldson1@bloomberg.net

To contact the editor responsible for this story: Andrew Atkinson at a.atkinson@bloomberg.net


Too Cool for Crisis Management
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus