Tuesday 3 July 2012

LIBOR scandal

Barclays PLC President Bob Diamond waits to pose for photographs after being named as the company's next chief executive officer at a bank branch near their Canary Wharf headquarters in London September 7, 2010
I had lunch with a senior Treasury figure yesterday.

What was clear to me is that HM Treasury is not taking the LIBOR scandal seriously enough.

This affair strikes to the heart of the City of London and must be seen to be dealt with in a proper manner.
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