Among the 200 combined sales roles applications, the low-cut submissions received 62 more interview offers than their round-neck counterparts, and in the accountancy applications they received 68 more interview offers.
Dearlove, or someone on the money market desk, told the compliance department, then headed by Stephen Morse, that they were being asked to cut Libor submissions.
The three issues are: Libor 'lowballing' There were deliberate attempts by traders at Bank of Scotland – part of HBOS – to cut their submissions to the Libor panel to avoid giving the impression the bank was facing financial difficulty.
In the memo Diamond, who then ran BarCap, tells del Missier and the then-chief executive John Varley that Tucker was concerned about the bank's Libor levels during the crisis and Del Missier interprets the memo as a tacit signal to cut the submission to the Libor panel.
Tucker asked to appear before MPs after it emerged the Diamond memo had been interpreted by another Barclays banker – Jerry del Missier, who also quit last week – as encouraging the bank to cut its Libor submissions at the behest of senior Whitehall figures.
Amid Tory unease over Osborne's tactics, Balls demanded a public apology after the Bank of England deputy governor, Paul Tucker, repeatedly told MPs on Monday he had not been encouraged to lean on Barclays to cut its Libor submissions.
For applicants who have struggled with the quirks of the form — like when the short essay answers or key details are inadvertently cut off during submission — such changes may seem long overdue.
Some previous applicants will be pleased to know that a quirk known as "truncation" — in which some words, or parts of words, have been inadvertently cut off during submission, for those applicants who didn't preview their work — is likely to become a thing of the past in the form's new incarnation.
Just recently, the submissions were cut down into a final shortlist of competitors, with entries that range from modernized Buddhist and Hindu temples to the hospitals of the future.
The note outlined a conversation with Paul Tucker of the Bank of England during the October 2008 crisis, which Del Missier interpreted as an instruction to cut the bank's Libor submissions.
There's a current senate inquiry into the impact of these cuts, but with over 2260 submissions to read through, we'll have to wait until September 15 to see how it pans out.
