Listen:Radio News
General News
BBC Sports News
ESPN Sports News
Today In History:















Rovedin News is the place to Publish your own articles

twitter Pin it Share on Myspace Publisher: Brown Jamie
Jul 04, 2012, 08:03:46 AM
Post your article and if you get the most hit of the month, we will pay you.

This Article has 53 Hits


Like Us   Follow @rovedin    Pin Me


Bob Diamond grilled by MPs on Barclays Libor scandal: Politics live blog

 

(Reuters) - Bank of England Deputy Governor Paul Tucker has requested a hearing before parliament's Treasury Committee "as soon as possible" to clarify his position after allegations over his role in the Barclays Bank rate-fixing scandal.

"Mr Tucker is keen to give evidence to the Committee in order to clarify the position with regard to the events involving the Bank of England, including the telephone conversation with Bob Diamond on 29 October 2008," the Bank of England said in a statement on Wednesday.

Barclays chief executive Bob Diamond resigned from his post earlier this week after the bank was fined almost half a billion dollars for manipulating interbank lending rates.

On Tuesday, Barclays published a 2008 internal memo from Diamond refering to a telephone conversation with Tucker.

A senior manager had understood the memo to mean that the Bank of England and government might approve if they gave artificially low estimates of their borrowing costs at the height of the banking crisis to avoid giving the impression that Britain's banks were in difficulty.

Diamond will take questions from the Treasury Committee at 1300 GMT.



CC:Read More From Source




Login to comment on this article

Be The First To Post A Comment

Related Articles

An exhibit of proper sbobet football fat
May 21, 2013, 2013 03:03:25 AM

Online Timesheet and time tracking Software
May 16, 2013, 2013 08:52:19 AM

Online Project Costing Software - A Cost Saving Business Solution
May 15, 2013, 2013 02:46:51 AM

Here's What You Can Expect From Facebook's Big Smartphone Announcement Today
Apr 04, 2013, 2013 08:15:33 AM

Drama and emotion on Oceania’s Brazil 2014 path
Mar 28, 2013, 2013 05:49:15 AM







© 2008 - 2013 webcustomizers.net • design by webcustomizers.net
Creative Commons License