Tag: Bob Diamond
Bob DiamondEuro zone to tighten financial regulation following the Libor rigging scandal
Michel Barnier, the European commissioner in charge of financial regulation, is expected to bring forward changes to his market abuse directive and regulation within in the next weeks, the Financial Times said on Monday.
BoE Tucker denies making any suggestions to Barclays on the Libor (in 2008)
The deputy governor of the Bank of England (BoE) has said he did not give Barclays instructions to lower its Libor submissions in 2008. Paul Tucker said no government minister had asked him to “lean on” Barclays over its inter-bank lending rates. But he also told MPs that the BoE and the government feared that Barclays may need a bailout.
Libor rate manipulation: Barclays’ former CEO does not convince PMs and points to Bank of England
British banker Bob Diamond has revealed that one of his big fears during the 2008 global credit crisis was that his bank, Barclays, would be taken over by the British government.
Barclays CEO resigns as the Libor rate fixing scandal widens
UK Barclays chief executive Bob Diamond suddenly quit on Tuesday over an interest rate-rigging scandal that threatens to drag in a dozen more major lenders but suggested the Bank of England had encouraged his bank to manipulate the figures
