Reuters -
What if Barclays hadn't lowered Libor submissions?
The bank certainly reduced its vulnerability by submitting lower rates mid-crisis. What would honesty have cost? Would Barclays have secured funds from Middle East investors, avoided nationalisation and protected bonuses? No one knows, but the timeline is suggestive.
Diamond should exit Barclays with decorum not cash
The UK bank’s new ex-CEO could collect as much as 30 mln stg after his forced resignation. The lawyers and the board can argue about entitlements and ethics, but in the long term Diamond might well be better off financially if he agrees to leave empty handed.
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