© Matthew Buck Hack Cartoons
The former Chief Executive of Barclays bank testified to the House of Commons Treasury Select Committee about the Libor rate rigging scandal on 4th July 2012. It felt like the start of another long match. Barclays famously sponsor the ATP World Tour Championships at the O2 in the late autumn of the year. Everything to be seen there is ‘corporate blue’ too.
© Matthew Buck Hack Cartoons
Barclays Bank has admitted artificially manipulating the Libor or London Interbank Offered rate. This is a key measure for global financial services run through the City of London. It is likely other banks, including The partially nationalised Royal Bank of Scotland have also been doing this.
This image extracted from the weekly – The Opinions of Tobias Grubbe – which you can follow here.
The Opinions of Tobias Grubbe for the 25th June 1712 are published at this window, or click the picture. His patron Journalisted from the Media Standards Trust where you may read all about them
© Matthew Buck Hack Cartoons
The catastrophic combination of a management and a technology system failure has severely affected customers of the RBS, NatWest and Ulster Banks in the UK in the last week. Robert Peston of the BBC has a piece of journalism about it here or you may prefer the report at IT site The Register. Interestingly, the taxpayer owned RBS group has been very busy trying to save money by outsourcing much of its technology service to India since the start of the year. Computer Weekly had the story here previously.
© Michael Cross and Matthew Buck Hack Cartoons
The Opinions of Tobias Grubbe for 18th June 1712 is published at this window. His patron Journalisted from the Media Standards Trust where you may read all about them.
Cartoon: The UK coalition government © Matthew Buck Hack Cartoons
© Michael Cross and Matthew Buck Hack Cartoons
The Opinions of Tobias Grubbe for 4th June 1712 is published at this window. His patron Journalisted from the Media Standards Trust where you may read all about them.
© Matthew Buck Hack Cartoons
The hastily organised bailout of the Spanish based banks (€80-100bn at best estimate) does not appear to have ended market fear about the solvency and debts of the institutions and their counterparties (continental and global business partners). This implied horror also includes the countries and organisations which now apparently have to guarantee the debt of the global financial business.
The Opinions of Tobias Grubbe for 28th May 1712 are published at this window, or click the picture. His patron Journalisted from the Media Standards Trust where you may read all about them.
