Barclays: A page to be updated

[Lateralthinking1]

Hardly surprising - it is surely easier for an Opposition to make knee-jerk demands and get away with them should they be shown later to be ridiculous. Those in Government need to be a little more careful, look at the evidence and take good advice.

When Labour was in power, they were accused similarly of dragging feet, and if they didn't, of acting impulsively.

Spot on PJPJ. Each party has been going through the motions as one would expect in their Government and Opposition roles.

(The Lib Dems are doing their creative midfield thing rather than their staunch coalition thing but it isn't a radical, what the hell are they up to, dangerous thinking outside the box).

Talking of what the hell are they up to, does anyone believe for one moment that key Libor procedure was communicated in a series of muffled phone calls? I don't.

I would have imagined about 23 meetings, some involving 'standard setting' non-executive directors, another lot monitoring them, and a further bunch with external worthies being paid to monitor the first set of monitors. Nothing put in writing obviously.

[eighthobstruction]

While Labour obviously has a great deal of soul searching to do ref the regulatory frameworks that were set during their time....one would imagine that ALL these executives who have actually breached the regulations and manipulated these interest rates were; no doubt, unlikely to be Labour card carriers or voters....

Seeing Govt and Treasury ministers and Bank of England have known about this since 2008....why has it taken 4 years to hit the headlines....

[scottycelt]

Marcus Agius has just been interviewed on Sky News and looked and sounded utterly shell-shocked.

He didn't exactly come across as the man to sort out the shambles in Barclays.

Very worrying times for shareholders and the many thousands of bank staff, I suspect.

[teamsaint]

While Labour obviously has a great deal of soul searching to do ref the regulatory frameworks that were set during their time....one would imagine that ALL these executives who have actually breached the regulations and manipulated these interest rates were; no doubt, unlikely to be Labour card carriers or voters....

Seeing Govt and Treasury ministers and Bank of England have known about this since 2008....why has it taken 4 years to hit the headlines....

because the politicians and bankers are all in it together.

The "socialists " (ha ha) as much as the others.

It stinks.

[amateur51]

because the politicians and bankers are all in it together.

The "socialists " (ha ha) as much as the others.

It stinks.

Mervyn King has been very quiet - neither a weather forecast nor news from the helm for ages

[teamsaint]

Mervyn King has been very quiet - neither a weather forecast nor news from the helm for ages

you know, I never thought merv being quiet would be a bad thing...........

[Lateralthinking1]

Marcus Agius has just been interviewed on Sky News and looked and sounded utterly shell-shocked.

He won't be able any longer to do an effective job at the BBC then. No need to get rid there but best limit his remit to drama.

[amateur51]

He won't be able any longer to do an effective job at the BBC then. No need to get rid there but best limit his remit to drama.

Cheeky!

[subcontrabass]

you know, I never thought merv being quiet would be a bad thing...........

Apparently Diamond's departure was a result of an "inflexion of his [King's] eyebrows" (http://www.bbc.co.uk/news/business-18690102)

[Lateralthinking1]

Apparently Diamond's departure was a result of an "inflexion of his [King's] eyebrows" (http://www.bbc.co.uk/news/business-18690102)

Well, it was impossible for it to be done by the sheer force of King's personality.



Robert Peston - 'It's a jungle out there'

[Osborn]

Did these inflected eyebrows manifest themselves to Diamond or his colleagues by phone or post?

[subcontrabass]

Did these inflected eyebrows manifest themselves to Diamond or his colleagues by phone or post?

Apparently via a phone call to the chairman.

[french frank]

Marcus Agius has just been interviewed on Sky News and looked and sounded utterly shell-shocked.

No wonder. He resigns one day, he's running the entire show on his own the next.

What I wonder is - what does the 'senior non-executive Director' of the BBC do that's worth £47,000 p.a. of licence fee payers' money? It may be peanuts in the banking world, but it would be quite a lot for attending a meeting now and again in a non-executive capacity.

[An_Inspector_Calls]

Well if you don't know what the role of a non-executive director of a large organization such as the BBC is, then why are you senior member of Friends of Radio 3? And as for the £47,000, I'm quite surprised he gets out of bed for so little.

[scottycelt]

I often wonder what any non-executive director of any company does, apart from sitting in at board meetings and occasionally butting-in and informing the executive directors of how well he/she and her other directors do things in his/her main job/company, even if the two (companies) are not even remotely connected.

But there you go, that's pure cynicism (and probably total ignorance) for you ...