Tim Bond News
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The inside story of how bankers lied, cheated and colluded to rig Libor, the world's most important interest rate.
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Barclays Plc senior executives, dozens of traders and the bank’s chief economist were all identified by regulators in a probe into interest-rate rigging that spanned continents, according to documents released in the U.K.’s first Libor-manipulation lawsuit.
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Every morning, from his desk by the bathroom at the far end of Royal Bank of Scotland Group Plc’s trading floor overlooking London’s Liverpool Street station, Paul White punched a series of numbers into his computer.
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Barclays Capital’s Tim Bond stepped down as head of asset-allocation strategy and is considering his options both within the bank and elsewhere, two people familiar with his role said.
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How's this for prescient?
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Barclays Plc’s Tim Bond has left the bank, less than two months after he stepped down as head of asset allocation research, said a person with knowledge of his decision.
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Barclays Capital strategist Tim Bond has left his research role and is considering options within the bank, Financial News reported.
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If we take Bob Diamond and Paul Tucker at their word, part of the Libor scandal at Barclays Plc can be chalked up to a series of comic misunderstandings, like a children’s game of telephone. It’s a bit much to swallow, but the spectacle sure has been fun to watch.
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Barclays Plc’s admission that it rigged the London interbank offered rate shows regulators, central bankers and politicians weren’t paying attention when everyone from Citigroup Inc. to the Bank for International Settlements indicated that the measure was being manipulated.
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July 16 (Bloomberg) -- Bloomberg's Jonathan Weil digs into what we know so far about the Libor rigging scandal as the probe widens in both the U.S. and U.K. and what lies behind the investigation. Weil highlights a comment by former Barclays head of asset-allocation research Tim Bond, casting doubt on Libor rates on Bloomberg Television back in 2008. He speaks on Bloomberg Television's "Market Makers." (Source: Bloomberg)
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