the scandal even spread to the british government barclays CEO bob diamond testified that at the height of the financial collapse in fall 2008 he received a call from paut tucker deputy governor of the bank of england according to diamond tucker called on behalf of senior whitehall figures and put pressure on mr.diamond to lower his reported LIBOR rates the allegation is that the higher rates would undermine confidence in barclays at a time that financial markets needed boosting and it increased the likelihood that the british government would need to bail out barclays as it already had done for other failing banks mr.tucker claims that he was misunderstood by mr.diamond