Sir Mike Rake has been appointed a board director at Barclays.
They suit each other: he headed a firm heavily tainted by offshore and scandal. Barclays are the UK’s most aggressive bank supporter of offshore, both through Barclays Capital and its activity in promoting haven activity, Ghana being its latest victim.
But let’s not pretend that this is good news for banking, accountability or governance. But it will help fund poor old Mike’s retirement, no doubt.
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