Bank wins right to challenge aspects of rate-rigging case after similar move by Deutsche Bank last week The first UK trial concerning the alleged fraudulent manipulation of Libor rates has been delayed until next year after Barclays won the right to challenge aspects of the high court case. The trial, brought by Guardian Care Homes […]
CEO Nick Buckles, whose firm failed to hire enough security staff for the Olympics, may also struggle to secure his job The cover of G4S’s latest annual report (pdf) proudly sports a picture of the Olympic stadium alongside the tagline “securing your world”. An alternative headline could now read: chief executive desperately trying to secure […]
John Mann MP has released correspondence from 2008 between Paul Tucker of the Bank of England and Jeremy Heywood, then a senior civil servant in the Cabinet Office, ahead of a hearing with Tucker over the Libor scandal at the Treasury select committee.
Key events in the six days since Barclays was fined £290m for manipulating key interest rates This is a timeline of key events in the Libor inter-bank lending rate scandal over the last week. Wednesday 27 June The banking industry is engulfed in a fresh scandal after Barclays pays £290m to settle claims that it […]