Frank D. Lucas (R-OK) is a committee member of the 116th Congress U.S. House Committee on Financial Services. He is an American politician serving as the U.S. Representative for Oklahoma’s 3rd congressional district, since 2003, having previously represented the 6th district, from 1994 to 2003. He is a member of the Republican Party and serves as the ranking minority member of the House Committee on Science, Space and Technology. Lucas graduated from Oklahoma State University.
moneyweek, 27 June 2012
Barclays Bank is to pay a 290 million pound fine following an investigation by UK and US regulators into manipulation of inter-bank lending rates.
The bank’s top executives, including Chief Executive Bob Diamond, have agreed to waive their bonuses this year as a result. City watchdog, the Financial Services Authority (FSA), said Barclays’ regulation breaches were “serious, widespread and extended over a number of years”.
It accused the bank of having inadequate systems and controls in place until June 2010 and of failing to review its systems and controls at a number of appropriate points. Continue reading “Article: Barclays guilty of market manipulation”