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MPs' Libor report scathing

The influential Treasury Select Committee has concluded ex-Barclays boss Bob Diamond was "highly selective" when he gave evidence to MPs on the Libor fixing scandal, and criticised the Bank of England and the FSA for their "failings" on the matter.

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Barclays to 'carefully consider' MPs' report

A Barclays spokesman said the bank would "carefully consider" the parliamentary committee's report into the manipulation of the London Interbank Offer Rate, also known as Libor.

The spokesman stated:

While we don't expect to agree with every finding in it, we recognise that change is required, not least to restore stakeholder trust.

That is why we have established an independent review of our business practices under Anthony Salz, and we expect that review to take full account of this report in producing its recommendations.

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