Diamond faces showdown with MPs

Former Barclays boss Bob Diamond is to make an explosive appearance before MPs after dragging senior Bank of England and government figures into the rate-rigging scandal.

A newly-released record of a phone call has sparked questions about whether the Bank's deputy governor Paul Tucker encouraged improper behaviour. Mr Tucker also allegedly told Mr Diamond "senior Whitehall figures" had suggested to him that Barclays should not be reporting such high interbank lending rates.