The Governor of the Bank of England raised his legendary eyebrow and Barclays tried to singe it. If there was any doubt about the badness of Barclays’ behaviour in the Libor-rigging scandal, it is surely removed by the way Barclays has dealt with its denouement. Bob Diamond and co claimed they had no part in rigging, and yet they released the October 2008 letter written by Mr Diamond purporting to show that Paul Tucker, the deputy governor of the Bank, was giving them permission to rig.
Disagree with half of it, enjoy reading all of it
TRY A MONTH FREE
Our magazine articles are for subscribers only. Try a month of Britain’s best writing, absolutely free.
Already a subscriber? Log in
Comments
Join the debate, free for a month
Be part of the conversation with other Spectator readers by getting your first month free.
UNLOCK ACCESS Try a month freeAlready a subscriber? Log in