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Articles tagged with Barclays
Who’s who on the banking scandal inquiry?
by Vicky Wong / 13 Jul 2012 15:19
Five MPs have been chosen to head up a cross-party probe into the banking following the Libor scandal.
Andrew Tyrie – chair (Con)
Andy Love (Lab)
Pat McFadden (Lab)
Mark Garnier (Con)
John Thurso (Lib Dem)
Andrew Tyrie (chair, Conservative)
Despite earning the nickname of “Andrew Tiresome”, the chair of the Treasury committee was widely tipped to oversee an inquiry into banking standards.
Live: Marcus Agius at the Treasury Committee
by Vicky Wong / 10 Jul 2012 09:52
Marcus Agius has now finished giving evidence to the Treasury Select Committee.
***
- Former Barclays CEO Bob Diamond will receive a payoff of around £2m. David Cameron said that Diamond waiving his bonus was a sign that Barclays understood public concerns.
- Agius said that there was a conversation with the Governor of the Bank of England. Mervyn King told him that Diamond no longer had the
Use Barclays to pay off PFI contracts
by Emma Burnell / 03 Jul 2012 11:17
In the sea of crisis we find ourselves permanently swimming in at the moment, two particular issues are rising up like tidal waves ready to engulf our society.
The first - the Libor scandal - exemplifies once again how scandalously our financiers behaved, how toothless our regulation is and how shameless the industry remains, despite causing a worldwide financial meltdown.
The second - the crisis of PFI and the threat to public
Should we try the banks Leveson-style?
by Anoosh Chakelian / 29 Jun 2012 14:17
It is a rather delicious televisual prospect - airing the dirty bespoke laundry of those all-texting, all-Bollinger-swilling bankers for the sake of innocuous British viewers and excitable headline writers to gawp and cringe. Oh, and for the sake of justice.
The parallels between the public probe into press standards and a would-be bankers’ inquiry are almost too pleasingly easy to draw.
There is the Murdochian baddie who refuses to resign, Barclays chief
Osborne’s Barclays statement targets Labour
by Anoosh Chakelian / 28 Jun 2012 12:01
Rather late to today’s banker bashing frenzy, beaten to it by both Boris Johnson and Ed Miliband – united in calling for imprisonment of those guilty of manipulating the Libor interest rate in Barclays and other banks – and by the Prime Minister, George Osborne finally bounded out from behind his junior punchbags and addressed the Commons on the City’s freshest scandal.
He spoke authoritatively of the changes the coalition will
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Quote of the Day
"The prime minister has said he does not believe that statutory legislation is necessary to achieve the principles outlined by Leveson."
