Diamond faces MPs - live

Former Barclays Chief Executive Bob Diamond faces MPs on the Treasury Select Committee about his role in the Libor fixing scandal. Here you'll get up to the moment coverage of the latest developments.

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1350: Not long now and the warm up show was spectacular with Bank of England deputy governor Paul Tucker requesting a grilling himself ASAP. There are accusations he told Diamond that a lower Libor rate would help as it made the bank looks stronger in the time of crisis.

1340: Bob Diamond has arrived and is all smiles. Not sure that's going to last.

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