http://econintersect.com/b2evolution/blog1.php/2012/07/04/diamond-i-am-a-victim
Diamond
asserted the blame for any transgressions lay with Jerry del Missier,
second in command at Barclays until Tuesday (03 July) and the most
recent head of Barclays Capital, and with fourteen traders.
However, he also said that having one of the highest Libor interest
inputs could have implied that Barclays was having trouble funding
operations. A high rate implied more risk for the bank reporting it and
could have restricted access to capital from investors at a time when
Barclays was in the process of raising $10.5 billion (£6.7 billion) in
new equity.
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