UK commissioner want outside QC to question bankers
“There are very few barristers and QCs in the Commons with the experience of mounting a detailed and probing line of interrogation.”
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“There are very few barristers and QCs in the Commons with the experience of mounting a detailed and probing line of interrogation.”
If Sir Mervyn King can arrange for Bob Diamond’s demise at Barclays, even though he was cleared of personal wrongdoing over Libor, why not exercise a little more coercive power over banks lending money into the real economy?
The US pressed the Bank of England to improve the Libor system before Lehman Bros collapsed in 2008 amid reports that Barclays and other global banks were rate rigging, newly released e-mails show.
Shadow chancellor Ed Balls claims we’re more likely to be divorced than to change our bank accounts. FactCheck investigates whether we really love our banks more than our partners.
MPs on the Treasury Select Committee have a chance this afternoon to do a little to remedy their own disparate efforts to question Barclays’ Bob Diamond. Diamond walked all over them.
The Serious Fraud Office is investigating claims that banks rigged benchmark interest rates to boost their bonuses in a scandal that has already forced out three Barclays executives.
In the wake of the Barclays rate-fixing scandal, the Commons rejects Labour’s motion for a judge-led probe in favour of a parliamentary inquiry led by Treasury select committee chairman Andrew Tyrie.
It already dominates the London skyline, but today the Shard will be officially inaugurated with a spectacular light and lasar show. Yet so far, tenants are thin on the ground.
Being “physically ill” and displaying good manners, Gary Gibbon examines Bob Diamond’s performance at the Treasury Committee.
Gary Gibbon blogs on who the Treasury select committee may want to call to explain themselves.
Former Barclays chief executive Bob Diamond tells MPs he did not believe he was “instructed” by the Bank of England to submit lower borrowing rates during the 2008 financial crisis.
Channel 4 News Political Editor Gary Gibbon blogs about the government’s plans for a banking inquiry
The email from Bob Diamond to fellow Barclays bosses raises serious questions for the Bank of England’s Paul Tucker, seen by many as the heir apparent to Mervyn King. Gary Gibbon blogs about the latest development in the Libor scandal.
We have entered a new world. Politicians now appear sovereign over our banking system. Many in Britain will welcome that. For many, it will be a profound shock. And this is just the beginning, writes Faisal Islam.
As applications to ethical banking rise following a bad week for the big five banks, Channel 4 News looks at the alternatives to high street banking.