Barclays
02 July 2012, 02:16 PM
#31
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Jesus, it beggars belief really. They've only bene in power 2 years and already it's like the last days of the the Brown or Major governments ... ah well at least I wasn't daft enough to vote for them!
Not really sure what a Tory MP has to do to actually lose his/her job to be honest.
As for the recession being worse than first reports... no ****
Not really sure what a Tory MP has to do to actually lose his/her job to be honest.
As for the recession being worse than first reports... no ****
Les
03 July 2012, 07:22 PM
#32
With the resignation of Bob Diamond and that he now plans to leave "little England", one could argue he as little to lose in tomorrows hearing at the Treasury Select Committee. Who is he likely to bring down with him, former ministers, FSA and some other whitehall members. Should be an interesting hearing tomorrow!
04 July 2012, 09:30 AM
#34
Poor bob he's lost his job, what about his family, how will they survive with just £30,000,000 to console them.
It's just mental what these people are allowed to get away with, and then their punishment is a £30,000,000 slap in the face, it's no wonder the wrong doing is rife with such penalties.
It's just mental what these people are allowed to get away with, and then their punishment is a £30,000,000 slap in the face, it's no wonder the wrong doing is rife with such penalties.
04 July 2012, 09:35 AM
#35
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My mother has a mortgage on her house in spain. The lender is actually Natwest Gibraltar. Her rate is LIBOR+x% - one would assume she has been overpaying for many years. I wonder if theres any mention if folk will get a refund.
04 July 2012, 09:38 AM
#36
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I wish I was crap at my job and my boss pay me off with £30 MILLION.
What a joke, the banks hold the world to ransom and take what they want. So much of our lives have been affected by greedy people.
Something has to change or the whole thing will just go pop.
What a joke, the banks hold the world to ransom and take what they want. So much of our lives have been affected by greedy people.
Something has to change or the whole thing will just go pop.
04 July 2012, 09:57 AM
#37
Well then she would have benefited since they were trying to manipulate the LIBOR rate downwards. Does that means she should now pay more?
04 July 2012, 10:17 AM
#38
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edit - according to this it seems they manipulated the rate up and down to suit themselves.
http://www.thisismoney.co.uk/money/n...on-likely.html
Last edited by EddScott; 04 July 2012 at 10:23 AM.
04 July 2012, 10:37 AM
#39
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04 July 2012, 10:54 AM
#40
Maybe. It hasn't been particularly clear whether the manipulation was up or down.
edit - according to this it seems they manipulated the rate up and down to suit themselves.
http://www.thisismoney.co.uk/money/n...on-likely.html
edit - according to this it seems they manipulated the rate up and down to suit themselves.
http://www.thisismoney.co.uk/money/n...on-likely.html
04 July 2012, 11:01 AM
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[quote=TelBoy;10693007]Except Bob Diamond is possibly one of the best CEOs we have in this country.
At which part of his job was he "crap", specifically??[/quote]
Well I guess he was great for generating income/profit but integrity?? We may find out.
Even if he was given the nod from BoE to "adjust" LIBOR to calm city worries he might have said no as that could undermine the city's reputation for honest dealing.
I'm surprised Millipede is calling for a full enquiry as that could be a can of worms for the old Labour government trying to influence the market.
dl
At which part of his job was he "crap", specifically??[/quote]
Well I guess he was great for generating income/profit but integrity?? We may find out.
Even if he was given the nod from BoE to "adjust" LIBOR to calm city worries he might have said no as that could undermine the city's reputation for honest dealing.
I'm surprised Millipede is calling for a full enquiry as that could be a can of worms for the old Labour government trying to influence the market.
dl
04 July 2012, 11:07 AM
#43
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Thing is, David, Barclays could quite easily have become the object of a witchhunt if they'd unilaterally published "real" Libor rates, in the sense that many would have seen it as a bank in crisis unable to fund themselves. Who can say hand on heart they'd have jeopardised their own company's existence in the name of integrity?
In my opinion it's almost exactly the same as the petrol companies who maintain their cartel and refuse to move petrol prices down when the price of oil falls. All of us are being fleeced by this racket but i don't see Shell's CEO lined up to appear after Bob Diamond?
In my opinion it's almost exactly the same as the petrol companies who maintain their cartel and refuse to move petrol prices down when the price of oil falls. All of us are being fleeced by this racket but i don't see Shell's CEO lined up to appear after Bob Diamond?
04 July 2012, 11:17 AM
#44
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Thing is, David, Barclays could quite easily have become the object of a witchhunt if they'd unilaterally published "real" Libor rates, in the sense that many would have seen it as a bank in crisis unable to fund themselves. Who can say hand on heart they'd have jeopardised their own company's existence in the name of integrity?
In my opinion it's almost exactly the same as the petrol companies who maintain their cartel and refuse to move petrol prices down when the price of oil falls. All of us are being fleeced by this racket but i don't see Shell's CEO lined up to appear after Bob Diamond?
In my opinion it's almost exactly the same as the petrol companies who maintain their cartel and refuse to move petrol prices down when the price of oil falls. All of us are being fleeced by this racket but i don't see Shell's CEO lined up to appear after Bob Diamond?
dl
04 July 2012, 11:20 AM
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04 July 2012, 11:38 AM
#46
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whether the great unwashed did or did not benefit from all this is a smoke screen
but I would not be too concerned, most snetters a too preoccupied with immigration, gays and benefit cheats to really worry about it
Last edited by hodgy0_2; 04 July 2012 at 11:41 AM.
04 July 2012, 01:37 PM
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delivering shareholder value, consumate with his salary
whether the great unwashed did or did not benefit from all this is a smoke screen
but I would not be too concerned, most snetters a too preoccupied with immigration, gays and benefit cheats to really worry about it
whether the great unwashed did or did not benefit from all this is a smoke screen
but I would not be too concerned, most snetters a too preoccupied with immigration, gays and benefit cheats to really worry about it
You forgot dangerous dogs
dl
04 July 2012, 03:35 PM
#50
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So it was manipulated upwards before the crash and then downwards after - possibly on orders from BoE.
04 July 2012, 04:09 PM
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04 July 2012, 05:14 PM
#52
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Ulster bank will not be back to normal running until 16 July on a brighter note my pay went in today. no transactions on my account after 28 June though.
on a brighter note my pay went in today. no transactions on my account after 28 June though.
04 July 2012, 08:20 PM
#53
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