Tag Archives: paul tucker

Barclays and the Bank of England: BAD rate-rigging and GOOD rate-rigging

The Barclays rate-rigging scandal has conflated a number of issues — Bob Diamond’s bonus, ‘casino’ banking, failed regulators — making it hard to get behind the media’s shouty headlines to understand the issues which should really concern us. Here’s my brief show-your-working attempt, starting with what Barclays.

What Barclays did right: ‘fess up

LIBOR (London Inter Bank Offered Rate) is the rate at which banks in London lend money to each other for the short-term. It’s used as a proxy measure of market confidence in individual banks, as well as a benchmark for setting mortgage interest rates.

Barclays has admitted filing misleading …

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  • Nonconformistradical
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    The argument about Russia's not being successful in Ukraine is a bit of a red herring. Ukraine has survived (to date) thanks in part to significant financial ...
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    More important than William's erudition is his wisdom! It woudn't do us any harm to look at the language used in other European countries when debating tax leve...
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    Sorry - here's the Dan Neidle link: https://taxpolicy.org.uk/2026/06/05/taxing-other-people-uk/...