Jerry del Missier, the former Barclays executive at the centre of the Libor-rate rigging scandal, is understood to have negotiated a ‘golden goodbye’ deal with Marcus Agius of £8.75m. This is believed to be a record-payout to an aurally challenged employee whose body-location divining skills are nevertheless thought to be prodigious.
Lord Green of Bermuda & Switzerland says he has ‘no case to answer’ after ten years spent running a bank whose main skill was in money-laundering and tax evasion. There are no signs of much pressure for him to go, and David Cameron thinks he is a fine man who knew no more about what was going on in HSBC than Rupert Murdoch did about Newscorp. Continue reading