Bank division

I READ your article (“Banking scandal: Fraud office called in over Barclays rate-rigging”, 29 June) with interest and noted that, between 2005 and 2009 “Barclays traders repeatedly made false reports” in order to manipulate interest rates.

I recall reading, in your sister paper Scotland on Sunday, an article by Alistair Darling, Labour MP and former Chancellor of the Exchequer, claiming to have predicted the economic disaster that would befall Britain in 2007-8.

Mr Darling, in his dynamic manner, proceeded to ignore steps that could have been taken to, at least, ease the burden that would fall on ordinary people due, in part, to Labour’s incompetence.

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It subsequently became clear that Mr Darling’s inactivity was due to his inability to stand up to former Prime Minister Gordon Brown, whose coat was always on a shoogly peg.

Now the activities by Barclays, and other banks, during Messrs Brown and Darling’s watch comes back to bite them both.

Like the launch of the No to Scottish Independence campaign, which lacked any evidence of the Union Flag or English politicians, it would seem that Mr Darling has form in being unable to do “Better Together” – even with his former colleague Mr Brown.

With these past failures, the impending lengthy recession and the negative comment from Mr Darling’s “Better Together” team in mind, surely The Glums would have been a more appropriate title.

Bill McLean

Rosemill Court

Newmills, Dunfermline

IT IS difficult to know which is worse, banks (allegedly) run by incompetents or banks run by crooks, or in some cases, both. There needs to be a complete overhaul of the banking regulations and limits placed on bonuses, the pursuit of which is at the centre of problems

Bruce D Skivington


Gairloch, Wester Ross

THE latest scandals emerging from our leading banks raise the question of accountability and prosecution of the guilty banking executives who have allowed these illegal banking practices to flourish on their watch.

It seems that executive bankers are exempt from the law as I do not know of any to date who has been brought to task and prosecuted, despite bringing the UK and world economy to its knees.

Dennis Grattan

Mugiemoss Road