4 ms·
Interestingly out of date information in the piece given that it was written yesterday. Marcus Agius resigned on the 2nd and was reinstated on the 3rd followin
by Tyrannosaurs 14y ago
Interestingly out of date information in the piece given that it was written yesterday.
Marcus Agius resigned on the 2nd and was reinstated on the 3rd following the resignation of CEO Bob Diamond (a far more significant resignation as you'd expect the CEO to be closer to this sort of thing).
Diamond was (rather ineffectually) questioned by MPs earlier this week about it but little of any real interest came out other than that he still seems to be intent on pursuing a financial settlement for his leaving Barclays, however the whole matter is going to be the subject of a parliamentary enquiry (though given that that will be being led by an MP rather than a judge it's not clear how useful it will be as it's already taken a political twist).
But as the piece says, it looks likely that other banks may have been doing the same which is still to come out.
(Far) more here: http://www.guardian.co.uk/business/libor http://www.guardian.co.uk/business/libor