Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Warning was given to Barclays About Diamond and Other: FSA

By Carie Donna Subscribe to RSS | July 6th 2012 | Views:
loading
 
  



The board of Barclays was given a warning around 6 month ago as far as the relationship between the senior management of the bank as well as the Financial Services Authority, that had broken down.

Andrew Tyrie, who is the chairman of the Treasury Select Committee, just a few days back made a revelation that the senior figures that has been given by the regulator had been given to the board of Barclays in the month of February. They had got a warning that Bob Diamond who is the former chief executive as well as his team of management were loosing their confidence that had got down to a very low level.

Tyrie had to say that the FSA was also quite concerned, that Diamond was appointed on the post of chief executive in the month of September in the year 2010 as well as he had sought assurances that he will be changing the whole culture of the Barclays.

It is been said that one of the major banks, Barclays is is going to come under a lot of pressure in order to release letters as well as other sort of documents which will be related to the concerns that have been raised by the FSA. There are expectations that Tyrie will be writing to the bank where he will asking them they should be made things public.

The revelations came when the American-born banker was being questioned by the Member of Parliament as far as the Libor rate rigging scam when it was made public for the first time after the bank was admitted for the very first time that it had tried to manipulate the cost if borrowings which was the main key in the whole world.

During the three-hour hearing that was held, Diamond had said that he was actually feeling ill physically, when for the first time he became well aware of the electronic mails which made a revelation that the traders of Barclays had been involved into the rate-rigging of Libor. Submissions were done at that time in order to show the latest entries of borrowings by the lenders were false. Apply with www.paydaytextcouk.co.uk @ http://www.paydaytextcouk.co.uk/ and get immediate cash aids

Diamond who has already resigned from his post from the bank made an attempt to make a distance from this scam. He said that he did not felt any feeling of being culpable personally. He instead blamed the treasury team of the bank for this.

Carie Donna - About Author:
Carie Donna an financial adviser, He wrote a article payday text loans, text loans, payday text and www.paydaytextcouk.co.uk

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/loans-articles/warning-was-given-to-barclays-about-diamond-and-other-fsa.htm

Related Loans Articles Subscribe to RSS

Instant Cash Loans: Immediate finance program
Published by Declan Dylan on January 9th 2012 | Finance
Instant cash loans refer to a variety of immediate finance programs which the British people look fo...
 
Quick finance with no collateral or asset check needed
Published by DavidVila on January 9th 2012 | Loans
Taking finance is very easy today. There is lot of financer’s providing quick finance with no type...
 
Apply for finance and meet your financial problems with ease
Published by King Loothar on December 15th 2011 | Loans
When people are in financial crunch then only way out for them is borrow funds from financer. And re...
 
Get funds to take care of unexpected expenses through internet finance
Published by Jeniffer Thomus on December 13th 2011 | Loans
Online financial aid is very beneficial for people where they can avail easy funding in a hassle fre...
 
90 day loans bad credit-Great assistance of finance
Published by Galvin Colton on July 20th 2012 | Loans
If you are taking quick funds from 90 day loans bad credit, you can fight unexpected fiscal worries ...
 
Apply and avail the cash required by you with easy online finance
Published by Stevebavaro2011@gmail.com on March 9th 2012 | Finance
Online finance is the proper platform of getting funds when you are empty handed. So do not think mu...
 
Get Lo Doc car finance fast approval
Published by Julia Bennet on June 15th 2012 | Loans
When someone applies for a car loan what they want is the best rate of interest and fast approval. T...
 
Solve many of your problems in a while through quick finance
Published by John Harry on February 18th 2012 | Finance
Easy finances through financers help an individual to fight with the devils of unexpected expenses. ...
 
Faxless Payday Loans Online: an ideal for short term finance
Published by Elissasmith on June 29th 2012 | Loans
Faxless Payday Loans Online is ideal to meet cash needs of short duration. We all have to face some ...
 
1000 POUND BAD CREDIT LOANS:- Decent finance without frantic process
Published by Thom Lee on February 23rd 2012 | Loans
1000 pound bad credit loans are out there to the individuals of UK. These loans are just like the sh...
 
Millions applying for pay-day finance in Britain
Published by David Hurley on January 21st 2012 | Loans
Millions of people take up a pay-day every year but it is in their own hands to make it beneficial o...
 
No Credit Check Loans- Raise finance immediately without credit check
Published by Serjeant Doherty on March 20th 2012 | Loans
No credit check loans are boon for those who are suffering from multiple bad credit problems. With t...
 
Fulfilling the demands of the all type of creditors internet finance is best
Published by Jack Grayn on December 10th 2011 | Loans
There are several financial aids which helps the worst creditor by providing them monitory aid and a...
 
Sort out your petite pecuniary matters through easy finance
Published by Kevin Cook on February 13th 2012 | Loans
There is instant financial service that supplies funds to an individual just by sending a small SMS ...
 
Avail quick finance for settling unavoidable expenses
Published by Perter Clove on December 20th 2011 | Loans
Many financer provides instant funds without concerning about your past finance history, due to whic...
 
No credit check loans- Assure easy access to finance without any credit check done
Published by Simon Hess on March 12th 2012 | Loans
Expenses are so heavy that they exceed the income earned by the person .It is easy to recover the fi...
 
Fast cash loans- Urgent needs of finance can be resolved
Published by Riyt Leson on April 13th 2012 | Loans
If you want to get quick funds up to $1500, you can apply fast cash loans so that you can fight agai...
 
No credit check loans – Get finance without any credit check
Published by Ross Mutt on December 28th 2011 | Loans
No credit check loans are capable of providing you with instant cash in spite of poor credit, or no ...
 
Personal loans instant decision- Get quick finance for meeting cash hurdles
Published by Dervin Elbert on July 10th 2012 | Loans
Personal loans instant decision is termed as the best fiscal support for UK residents who are in nee...
 
Personal loans for bad credit history avail the easiest mode to apply for finance.
Published by Moon Thomas on January 26th 2012 | Loans
Now it is very easy to get loans for people with bad credit score. We offer a convenient loan for yo...