The 2006 crash of a bank prompted Barclays to reassess its Russian operations . Barclays ' links to Russia caused it pain when the country collapsed in 1998 . Despite this , Barclays complex lending and high stakes loss - making continued . The bank is now facing further scrutiny after its Libor fixing cost it $ 100 million in fines .
The 2006 crash of a Ferrari prompted Barclays to reassess its Russian exposure . Barclays ' links to Russia caused it pain when the country defaulted in 1998 . Despite this , Barclays complex lending and high stakes deal-making continued . The bank is now facing further scrutiny after its Libor fixing cost it $ 453 million in fines .