August 2017
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Does this graph suggest Bob Diamond and Paul Tucker lied? I don’t know

Here’s a graph which apparently shows the LIBOR rate reported by Barclays before and after Bob Diamond and Paul Tucker talked on the phone. If this chart is genuine, it seems to suggest that the rate reported by Barclays fell sharply after the phone conversation. Yet both Diamond and Tucker denied they agreed that Barclays should drop its reported rate. I am confused as I know both Diamond and Tucker are honourable men. Perhaps it’s just a coincidence?

 

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