Sorry: Chief executive Bob Diamond
apologised for the incident and will forgo his bonus this yea
Read more:
http://www.dailymail.co.uk/news/arti...#ixzz1z4t6noX5
"Between
2005 and 2009, more than
200 requests were sent, usually by email
or instant messenger - by traders to the
Barclays Libor submitters.
In one example of several provided
by the FSA, a trader emailed the Barclays
Libor submitter in March 2006,
writing: 'The big day
[has] arrived… My NYK are screaming at me
about an unchanged 3(month) libor. As always, any help wd be greatly appreciated. What do you think you’ll go for 3(month)?'
The submitter replied: 'I am going 90 altho 91 is what I should be posting.'
The trader thanked him, saying: '..when I retire and write a book about this business your name will be written in golden letters"
More to come