Tag Archives: john varley

Mark Pack

Lord Oakeshott attacks Barclays over bonsues

By Mark Pack | Sat 5th February 2011 - 6:25 pm

The Guardian reports:

Barclays was tonight accused of making a mockery of attempts to call a truce with the government over “banker bashing” amid fresh expectations that its chief executive Bob Diamond would be awarded a bonus of at least £8m.

After months of talking with the banks, the coalition is yet to announce a deal, codenamed Merlin, under which the industry would to agree lending targets of up to £190bn and show restraint on bonuses in return for less criticism from the government.

The talks with the banks have been led by Diamond’s predecessor John Varley and tonight Lord Oakeshott, a Liberal

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