"I think on both the NBA totem pole and in New York professional sports, the Nets don't exactly rank very well in terms of brand value or brand awareness, so Barclays won't really make it worse for them."But maybe those following the Barclays Center will remember some choice bits, such as from today's New York Times, Barclays C.E.O. Resigns as Bank Frames a Defense:
When Barclays bank manipulated key interest rates to bolster profits during the 2008 financial crisis, senior executives said they were following a common practice that regulators implicitly approved, according to documents released by the bank and authorities."Dirty-clean, rather than clean-clean"
...Even as [top executives] resigned, Barclays published documents indicating that some executives thought they were responding to an implied directive from the Bank of England, Britain’s central bank.
Investigators disagree, saying that Barclays "never explicitly told regulators that it was reporting false interest rates that amounted to manipulation," and the bank has been charted with helping other banks do the same thing.
At one point, a trader called a colleague a “superstar” for furthering the illicit actions. Another employee even acknowledged that the bank was submitting “patently false” rate information.In other words, everyone does it. So few people will care.
In one call on April 2008, a Barclays manager acknowledged to the Financial Services Authority that the bank was understating its Libor submissions. “So, to the extent that, um, the Libors have been understated, are we guilty of being part of the pack? You could say we are,” the Barclays manager said, according to regulatory documents.
...Or, as one Barclays official told the British Bankers Associations, the organization that oversees Libor, “we’re clean but we’re dirty-clean, rather than clean-clean.”
And, c'mon, the Nets re-signed Deron Williams.