Tame names for Barclays banking committee
Three Scots and no women will investigate the Barclays Libor scandal, writes Michael Crick.
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The verdict from pretty much everyone who has ever come across Antony Jenkins is that he is a “nice guy”. Not usually the kind of faint praise that marks you out as a potential CEO.
Sir Mervyn King’s interference in the ousting of Barclays’ chief Bob Diamond is difficult to justify, the chairman of the committee investigating the Libor rate-rigging scandal tells Channel 4 News.
Sir Mervyn King rejects suggestions that pressure was put on banks to misreport their lending rates, but admits pushing for Bob Diamond’s resignation as Barclays chief executive.
The committee investigating the Libor rate-fixing scandal questions Jerry del Missier, Barclays’ ex-chief operating officer, who reportedly earned £40m a year when the bank was rigging interest rates.
Three Scots and no women will investigate the Barclays Libor scandal, writes Michael Crick.
Former Barclays boss Bob Diamond forgoes a potential £20m in bonuses and share awards, but will still walk away with up to £2m.
Today’s cache of Paul tucker emails released by the Bank of England puts the Libor scandal in a rather different context. The big picture here: the post-07 Libor “scandal” is the tree. The concerning financial health of Barclays Bank in October 2998 is the woods. The now Deputy Governor of the Bank of England is shown to be exchanging emails about Barclays’ financial position from a full week before the famous conversation that some have depicted as a Labour plot to illegally to manipulate Libor.
As Bank of England Deputy Governor Paul Tucker appears in front of MPs, the bank releases emails that shed more light on the Barclays rate-fixing scandal.
Treasury Select Committee chair Andrew Tyrie drops a bombshell, Faisal Islam at the hearing looks at revelations so far.
Bob Diamond gives evidence to the Treasury Select Committee a day after he was forced to stand down as Barclays chief executive following the Libor index “rigging” scandal.
The reputation of the British Bankers Association has been brought low; the credibility of that agreed interest rate the Libor, has been traduced; the reputations of the mega forces at the top of British banking are on the floor; and confidence in the regulatory forces at the Financial Services Authority (FSA) and the Bank of England are also in question, writes Jon Snow.
With former Barclays chief executive Bob Diamond appearing in front of MPs later, Channel 4 News looks at the questions he is likely to be asked.
On a day when it’s pretty clear that the authorities asserted dominion over our banking system, I was invited atop the Canary Wharf tower that houses Barclays to speak to its now un-resigned executive chairman Marcus Agius. He is not prone to lengthy answers, but I think much of what he does and does not say is rather telling.
Following the resignation of Bob Diamond in the midst of the bank lending scandal , Barclays releases a memo of a phone conversation between Mr Diamond and Bank of England Deputy Governor Paul Tucker.
Ministers order an urgent review of the Libor bank rate after it emerged Barclays had tried to manipulate it. But Labour’s Ed Miliband calls for a full-scale independent inquiry into banking culture.