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The former chief executive of Barclays, Martin Taylor, tells the BBC that the bank was engaged in "systematic dishonesty"
The US Department of Justice also said criminal investigations into "other financial institutions and individuals" was ongoing.
Other big names believed to be under investigation include Citigroup, JP Morgan, Deutsche Bank, HSBC and Royal Bank of Scotland.
The Barclays Libor scandal threatens to blow up more than the reputation of a bank, its CEO, its chairman and a host of (as yet unnamed) "big boys" in its derivatives office. What is at stake is the implicit deal the British political establishment has done - and re-done - with the banks since 2008.
The boss of Barclays has insisted he will not resign after staff rigged the key lending rate between banks.
Bob Diamond was speaking at a meeting of analysts at US bank, Morgan Stanley.
And in a letter agreeing to give evidence to MPs, Mr Diamond condemned the inappropriate behaviour of a "small number" of employees who had tried to make profits for their own benefit.
How about this for a potential conflict of interest? The chairman of Barclays, Marcus Agius, is also the senior non-executive director on the BBC's executive board.
Did you know that Marcus Agius, the Chairman of Lehman Brothers' new owner Barclays, is a member of the Rothschild family?
Well, sort of... Agius married into the banking dynasty. His wife, Katherine, is the daughter of Edmund de Rothschild,
Originally posted by trustnothing
here is another connection I did not see listed, might explain a few things, note: exec at BBC, married to a Rothschild, chairman of Barclays - Marcus Agius en.wikipedia.org...
1896 BARCLAY AND COMPANY IS INCORPORATED AS AN AMALGAMATION OF:
BARCLAY, BEVAN & CO EST. 1690 LONDON
JONATHAN BACKHOUSE & CO EST. 1774 DARLINGTON
GURNEY & CO EST. 1775 NORWICH
GOSLINGS AND SHARPE EST. 1671 LONDON
SPARROW TUFNELL & CO EST. 1803 CHELMSFORD
BASSETT, SON AND HARRIS EST. 1812 LEIGHTON BUZZARD
SHARPLES, TUKE & CO EST. 1820 HITCHIN
GIBSON, TUKE AND GIBSON EST. 1824 SAFFRON WALDEN
FORDHAM, GIBSON & CO EST. 1808 ROYSTON
J. MORTLOCK & CO. LTD EST. 1790 CAMBRIDGE
VEASEY, DESBOROUGH & CO EST. 1804 HUNTINGDON
MOLINEUX, WHITFIELD & CO EST. 1789 LEWES
WOODALL, HEBDEN & CO EST. 1788 SCARBOROUGH
I wonder which side they were backing, I need to reasearch this further I guess.
22 October 1937 Grant of Arms is obtained from the College of Arms for the black spread
eagle with three crowns to be used as Barclays' official coat of arms
Originally posted by Extralien
reply to post by BMorris
Just be aware that RBS are under investigation for this too.
They may have just had a glitch, but it seems they arein the same bed as Barclays.
You could try the co-operative bank.
I actually use a building society, has its limitations but I don't have the same problems a lot of others have.
apparently it affects trillions and trillions of dollars
Originally posted by Firefly_
Nothing will happen David Cameron is all talk and no action when it comes to real issues. You can bet if someone who was poor and desperate to put food on the table did something similar, they would rot in jail.
** There have been numerous rumours in areas of Whitehall's intelligence community that while in opposition, Mr Cook used a well know high class London based escort agency (A****) [A reader suggests "Adam's"] - apparently the preferred choice of several MP's and Whitehall civil servants.
The Security and Intelligence services keep on file indiscretions, however politically sensitive, of crown servants, MP's etc - An example of that would be the sexual encounter that occurred between Gordon Brown and Peter Mandelson (interrupted accidentally by a member of Michael Meacher's staff) in Gordon Brown's office at the House of Commons while in opposition and is still only known to a very select number of Commons and Whitehall hierarchy. The services are also aware of the sexual relationship between Mr Hague and Mr Coe.
Focus: Hitler's British bankers
Holocaust shame of Barclays
The bank's Paris branch offered names of Jewish staff to its Nazi masters, writes Antony Barnett
guardian.co.uk, Sunday 28 March 1999 02.40 BST
When the Nazis marched into Paris in June 1940, many Parisians feared for their lives. But the city's bankers had other pressing concerns how best to protect their institutions' financial interests.
No one knew who was going to win the war so, like good capitalists anywhere, a number of French bankers decided to look after number one. Hitler? Churchill? Business is business.
Swiss banks have long stood accused of collaborating with the Nazis, but now The Observer has uncovered astonishing evidence of how the Third Reich was helped by a financial institution much better known on the British high street.
Documents from the US national archives reveal how senior officials from Barclays Bank based in France 'volunteered' information about its Jewish employees to the Nazis and helped to arrange finance for projects to sustain Hitler's war machine.
The bank also received a large cash deposit from the Drancy transit camp in a north-east suburb of Paris, from which French Jews were sent across the border to die in concentration camps. The money was plundered from the Jewish prisoners bound for Auschwitz.
"A week ago, the United Kingdom's Barclays Bank agreed to a $3.6m payout to compensate the families of those whose assets were seized by Barclays branches in France during the Nazi occupation."
Barclays 2007 Sustainability Report stated that “We also want to ensure that we uphold human rights, in the projects that we finance, the communities in which we operate and among our employees.” In the past Barclays Bank has not had the same focus and even today cases arise that question Barclays commitment to being a responsible company.
Barclays were under intense scrutiny in the 1980s for its financial support for South Africa’s racist apartheid regime. The company legacy was re-evaluated in 2005 when it attempted to purchase one of South Africa’s largest banks, Absa. Activist groups ‘Jubilee South Africa’ and Khulumani organized large-scale protests and marches against the potential purchase and reminded observers of Barclays’ past support for the apartheid regime. Citigroup, Commerzbank, Duetsche Bank AG, JP Morgan Chase, Credit Suisse Bank were also guilty of providing funding for the regime at a time when embargoes were in place to delegitimise the racist regime. Khulumani writes, “in 1980, for example, the South African Government issued a DM120 million public bond on the Eurobond Market. The response from the banks was enthusiastic, oversubscribing the bond by 25%. Funding repression was extremely profitable.” Barclays denied and continues to deny any wrongdoing, even up to and beyond the Khulumani v. Barclays lawsuit
Despite claims of high ethical and human-rights standards it is not difficult to highlight cases of Barclays’ hypocrisy and unethical actions. Recently it has provided £30 million to financially aid Robert Mugabe’s seizure of white-owned farms and the expulsion of 100,000 black workers from their homes. Facing widespread criticism, Barclays could only offer a meek response that failed to apologize for its complicity in human rights abuses. “Barclays spokesmen say the bank has had customers in Zimbabwe for decades and abandoning them now would make matters worse, 'We are committed to continuing to provide a service to those customers in what is clearly a difficult operating environment."
Furthermore, The Guardian and The Zimbabwe Times reports that Barclays have illegally ignored European Union sanctions against Mugabe’s corrupt regime by supplying two of Mugabe’s most senior henchmen bank accounts. Liberal Democrat M.P. Norman Lamb remarks that, “there are at least two members - and I understand maybe four - of Mugabe's regime on the sanctions list who have received personal banking services from Barclays. [These are] individuals who are involved in the land-grab strategy, which has wreaked economic havoc on the country. One individual faces serious accusations of personal involvement in that process."
Barclays Bank was able to avoid sanctions by providing funds through a local Zimbabwean branch. Local companies escape the net of European sanctions. “Mr Lamb said: "Had these services been provided by an EU-based company, there would have been a clear breach, but Barclays managed to avoid the sanctions regime…Surely it is scandalous that a British company – via a local subsidiary – is providing financial support and sustenance to this brutal regime and to key figures within it
which is of course
The Manila Cathedral, which by now closely resembled the Church of Il Gesu in Rome , was inaugurated on December 8, 1760
The Church of the Gesù is the mother church of the Society of Jesus, a Roman Catholic religious order also known as the Jesuits.
Three of his nephews, Dom Ambrose Agius (1890 - 1978), Dom Denis Agius (1913 - 1936), and Dom Christopher Calascione became likewise Members of the Benedictine Order.
Officially, Mgr Agius died within two days of suffering an acute attack of peritonitis, but considering the turbulent situation in the Philippines at the time, many did not exclude that he died “in dubious circumstances, possibly murdered” (see D. Arrigo, Daughter of an Empire – a family history, 2003, notes in Ch.1, no. 28).