Bank of England Trying to Clean up Bank Rigging & Manipulation Image in the City

Bank of England

Bank of England is trying to do damage control. They are announcing a review because of all the scandals in rate rigging and manipulations by the banks have created a bad image of the financial sector. Banks should be banks. Allowing them to trade creates the incentive to trade rather than lend. The repeal of Glass-Steagal by Clinton was the single worst act politicians have ever done.