Submitted on Thursday 28th June 2012
Published on Friday 29th June 2012
Current status: Closed
Closed: Saturday 29th June 2013
Signatures: 1,020
Withdraw Barclays' Banking Licence
Within a capitalist economy banks perform a vital function in facilitating the production and exchange of goods and services. In return for fulfilling this role responsibly they are allowed to hold a banking licences, which brings them great benefits in terms of the ability to create money through making loans. The systematic manipulation of the LIBOR value to serve its business interests makes clear that Barclays is not a fit company to hold a banking licence. We call upon the government to withdraw Barclays banking licence.
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