By Stephen Foster on July 17, 2012
You have to feel for those poor bankers, being asked to justify their zillion pound bonuses when confronted with the minor inconveniences they’ve caused that have impoverished most of the Western World (apart from them, of course). And Barclays is in the frame for its role in the Libor interest rate fixing scandal. Barclays has [...]
Posted in Agencies, Clients, Finance, News, PR | Tagged barclays, bbh, bus shelter ad, libor rate, rate-fixing scandal
By Stephen Foster on July 4, 2012
The short answer is no. Newly defenestrated Barclays CEO Bob Diamond (left) toed the politic line today in front of a House of Commons committee, saying that his bank’s fibs about the Libor rate (the rate at which banks lend to each other) was all about ‘rogue’ traders (them again) and nothing to do with [...]
Posted in Finance, News, Politics | Tagged 2008 banking crisis, Alastair Darling, bank of england, barclays, Bob Diamond, libor rate, Marcus Agius
By Stuart Smith on June 28, 2012
A lot of people are accusing Barclays Bank and its chief executive Bob Diamond of racketeering. Acting like white collar gangsters, in other words. They say the bank and its principal directors colluded in serial distortion of the interbank rate, Libor. What this means in plain English is that they beggared us – the saps [...]
Posted in Agencies, Clients, Creative, Finance, News | Tagged barclays, Bob Diamond, leagas delaney ad, libor rate, Martin Taylor, scandal, £290m fine
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