Tucker Faces Libor Grilling With BOE Governor Race At Stake

Bank of England Deputy Governor Paul Tucker will testify today on the Libor scandal that costBarclays Plc (BARC)’s top three managers their jobs and cast doubt on his prospects of succeeding his boss, Mervyn King.

Tucker, 54, will relate to lawmakers at a Parliament hearing his side of a 2008 phone call with former Barclays Chief Executive Officer Robert Diamond that has drawn the Bank of England into the furor on interest-rate manipulation. A memo Diamond wrote suggested Tucker might have hinted that Barclays could lowball its Libor submissions.

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