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Montevideo, August 16th 2022 - 01:03 UTC

Tag: Shriti Vadera

  • Monday, July 9th 2012 - 18:04 UTC

    BoE Tucker denies making any suggestions to Barclays on the Libor (in 2008)

    Tucker admitted daily contacts because the BoE feared Barclays was ‘next in line’ to be bailed

    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.