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Paul Tucker tells MP he did not encourage Barclays to manipulate Libor rate

From telegraph.co.uk

He told MPs that he did “not completely” agree with the contents of a note taken of a phone conversation he had with Bob Diamond, the then-chief executive of the bank, at the height the banking crisis. The note, which was drawn up by Mr Diamond’s assistant, was interpreted by some within the bank as giving Barclays permission to misreport its Libor rate of lending. Mr Tucker insisted that the conversation had only been intended to check that Barclays was on a sustainable footing during the 2008 credit crisis. At the time, the bank had turned down the offer of a government line of credit. He said: “It was not remotely ... (full story)

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