Bank of England deputy governor Paul Tucker came under fire again today as an email emerged showing he had discussed LIBOR rates with HSBC and RBS, as well as Barclays, back in 2008.
The Bank of England has released an email, sent on 28 May 2008 between Tucker (pictured) and former Barclays CEO Bob Diamond. His email to Diamond, with the subject line ‘LIBOR’, read: “Bob, Have spoken to HSBC and RBS, Stuart and Johnny. Sense similar across all three of you. I encouraged contact amongst Mark Dearlove peer group. Best, Paul.” Johnny Cameron was the former head of investment banking at Royal Bank of Scotland at the time, while Stuart Gulliver was and still is the group chief executive of HSBC. Mark Dearlove is the head of global liquidity at Barclays, running the bank...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
