Emails reveal Tucker contact with Barclays

City A.M. Reporter
Bank of England deputy governor Paul Tucker (pictured) contacted Barclays ex-chief executive Bob Diamond several times in October 2008, newly released emails show, and on one occasion directly remarked on the high level of the price of a bond.

"Struck that your govt gnteed bond was issued at around 140 over gilts," the subject line of an email sent by Tucker to Diamond on 26 October, 2008 said.

"That's a lot," the body of the text said.

Tucker is due to face a grilling by UK MPs in a probe in a rate-rigging scandal that has already cost Diamond his job at the bank.