2008, he told the us central bank all about it. audio: three months libors have come in at 3.53. - so it s much lower than yesterday s. but please don t believe that, its absolute rubbish. i have to say the libors are incorrect and they are too low. but on the 29th october 2008, his immediate boss, mark dearlove, reluctantly passed on an instruction from above to take part in the very fraud he d sought to expose. barclays board directors had come under pressure from the top of the financial system. but it wasn t board directors who
they call it lowballing, and banks later paid billions of dollars in fines for it. in a recorded phone call in october 2008, he told the us central bank all about it. audio: three months libors have come in at 3.53. - so it s much lower than yesterday s. but please don t believe that, it s absolute rubbish. i have to say the libors are incorrect and they are too low. but on the 29th october 2008, his immediate boss, mark dearlove, reluctantly passed on an instruction from above to take part in the very fraud he d sought to expose. barclays board directors had come under pressure from the top of the financial system.
i think the hardest day of my life, i had to go and tell my father. i burst into tears. i felt i d sort of let him down. a former barclays trader, he blew the whistle on a huge scandal during the financial crisis where banks were lying, understating the interest rates they pay to borrow cash on instructions from top managers. they call it lowballing, and banks later paid billions of dollars in fines for it. in a recorded phone call in october 2008, he told the us central bank all about it. audio: three months libors have come in at 3.53. - so yesterday s is much lower than yesterday s. but please don t believe that, it s absolute rubbish.