Barclays Profits Tumble as Mis-Selling Costs, Debt Charges Hammer Bottom Line.
I was not aware that the derivatives traders were making these requests [errant trades made by Libor riggers]. I think we were [management] was aware of issues on the trading floor on Yen Libor trades and that we thought that it was a mathematical impossibility to [rig rates] because of the topping and tailing structure.But we we wrong.
* Stephen Hester, CEO at RBS and Philip Hampton, Chairman at RBS will give evidence to the Parliamentary Commission on Banking Standards
Credit Suisse Swings to Profit, Plans Deeper Cost Cuts.
RBS to Pay £390m to US, UK Regulators to Settle Libor Fixing Charges.
Andrew Tyrie MP closes the session.
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Tyrie MP asks Flint is “people who earn your kind of salary have a sense of duty of giving back to society”
Flint and Gulliver said “yes, I can see why people would ask that.”"