Posts Tagged “bob diamond”

Lib Dems should back a judge-led inquiry into financial scandal

by Stephen Tall on July 4, 2012

I get why the Tories are opposed to a judge-led inquiry into the scandalous rate-rigging practices employed by Barclays and other banks: their experiences of the Leveson Inquiry show how scandals, even ones that blend across the red/blue parties, have a habit of rebounding on the government of the day. I get why Labour are […]

Barclays and the Bank of England: BAD rate-rigging and GOOD rate-rigging

by Stephen Tall on July 4, 2012

The Barclays rate-rigging scandal has conflated a number of issues — Bob Diamond’s bonus, ‘casino’ banking, failed regulators — making it hard to get behind the media’s shouty headlines to understand the issues which should really concern us. Here’s my brief show-your-working attempt, starting with what Barclays. What Barclays did right: ‘fess up LIBOR (London […]