2. Barclays

In July 2012, Barclays, one of the major UK banks, faced a severe battering this summer after it was caught up in a chain of scandals, most disastrously for its involvement in the Libor Scandal. In which Barclay's rigged the Libor Rate (the international interest rate charged for borrowing between banks) for which it was fined £290m. The amount of criticism which the firm attracted led to the resignations of chairman Marcus Agius, who has been temporarily reappointed, and chief executive Bob Diamond. The bank was also accused for aggressive tax avoidance schemes and its stance on executive pay, which has led to heavy payments for senior staff despite the disagreement of the shareholders.

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3. Nomura

Nomura, a Japanese multinational financial service company, Chief Executive Kenichi Watanabe and Senior Banker Takumi Shibata resigned at the end of July this year, after the bank admitted its part in the third insider trading scandal during Watanabe’s four-year reign. It was alleged that its staffs, leaked information on share offerings to customers before it was made public. Sometime later, the bank’s own internal investigation discovered that this was done with the aim of meeting sales targets.

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