Bank of England deputy refutes Diamond's LIBOR claim

clock

Deputy governor of the Bank of England Paul Tucker hit back at former Barclays chief executive, Bob Diamond over the LIBOR scandal yesterday.

The Daily Telegraph reports he told MPs the former Barclays chief executive's evidence over the LIBOR rigging scandal was wrong and inaccurate. Tucker said Diamond's account of the call that led one of Barclays's most senior managers to order the bank to lower its LIBOR submissions was "not completely" accurate. The report said that during questioning from the Treasury Select Committee Tucker said he would not "defened Diamond's record". He also said his a memo submitted to MPs gave the "wrong impression". The Telegraph said Tucker told MPs he had never suggested to Diamond that Ba...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Bank of England 'presses pause, not stop' as it holds rates at 3.75%

Bank of England 'presses pause, not stop' as it holds rates at 3.75%

Majority of 6-3

Patrick Brusnahan
clock 30 July 2026 • 2 min read
Burnham calls for National Care Service acceleration

Burnham calls for National Care Service acceleration

Social care commitments

Cameron Roberts
clock 29 July 2026 • 4 min read
News editor's view: Burnham's Britain arrives

News editor's view: Burnham's Britain arrives

The news editor's Friday Night Takeaway from 24 July

Isabel Baxter
clock 24 July 2026 • 3 min read