Jerry del Missier, a former top Barclays banker, revealed that he spoke directly to his former boss Bob Diamond before instructing staff to cut the bank's submission to Libor. He also revealed that the bank's compliance department was informed that traders were going to attempt to manipulate the crucial interest rate. In evidence to MPs following his resignation as chief operating officer of Barclays, Del Missier was adamant that Diamond instructed him to cut the Libor rate following a conversation with Paul Tucker, deputy governor of the Bank of England. Del Missier said he passed on the instruction he received to ... (full story)