that's what lord turner and andrew bailey made clear to the board. it seems to me the result the chairman resigned the members of the board had not fully understood the nature of the concerns and i thought it would be helpful to make sure they did understand. >> the scope of misunderstanding is infinite in this libor scandal even this conversation which you've told me, lord turner left no room for doubt. seems to have generated a good deal of confusion. it sounds as if the confusion is that on the part of the regulated community in this case. >> that's absolutely false. the barclays board and it was truly my meet go to was deeply reluctant to face up the concerns that lord turner and andrew bailey suggested. they thought they would tough it out. they were not convinced the regulators lost confidence. i put it to them very clearly and the senior independent director said to me until today we have not, i as senior independent director had not been fully ware of the loss of confidence of the regulators and the executive. >> lord turner just told us that

diamond was referring to in that transcript was a visit by andrew bailey, the acting senior officer. he effectively is the successor and will have an ongoing role once the regulations emerge. he came to our board together with a colleague in february of this year. during the course of that session at barclays bank he said, we are satisfied with the tone at the top of barclays, particularly with respect to barclay. >> so lord turner's letter or rather your letter about your meeting with lord turner that's misleading in this case? >> not misleading. i think they are talking about different things. if i could try to get some context with that lord turner letter. >> i think what we'll do is ask the fsa about this and we might come back to this, colleagues might come back to this. i would just like to move on to the letter. i think it's worth reading out what he actually said. i wish to bring to your attention our concerns about the cumulative impression created by patent behavior over the past few years in which barclays often seems to be seeking to gain advantage through the use of comp

is about its culture months ago yes it appears disgraced boss bob diamond ignored warnings from andrew bailey of the financial services authority back in february at a board meeting that time says he spoke of the lender pushing the envelope too far testifying to parliament of the rate rigging fiasco was exposed mr diamond admitted cultural issues at the bank but blamed low ranking managers of the persian brands traditionally strong markets from spain and italy are in profound crisis says europe's number two comic of hearsay after analysis in the first half of asia's closing down after china warned it may not grow ten percent this year is more used to twenty percent growth crude a dollar down on reports because raising production to make up for iran sanctions moscow's swung into the red after a bright start to euro contagion losses on thursday as well the euro's also slipping to the dollar on the news from the eurozone. three year lows to major currencies pennsylvania says e.u. bailout call be ruled out after fitch wants to renia has one of the weakest banking markets in central and eastern eu

. >> yolanda bailey had three children at st. andrewsd them out. >> to me, it's just like a big slave camp. >> reporter: bailey said she was told her kids were doing fund-raising. she says no one told her they were begging. >> me and my little bear went with the pastor. he told us if we didn't make $50, we would stay there till we did. >> reporter: catherine says she pulled her son out of the school where she paid $3,000 a year in tuition. charlos says he was required to panhandle for hours nearly every evening. you got hungry. you got thirsty. they didn't bring food or water with them? >> i couldn't even sit. >> reporter: those are not the only unseemly allegations against the father and son ministers. yolanda says her older child was struck by the reverend lacy jr. >> he hit my son on the top of the head with a book. >> reporter: her younger son says he was hit several times. and what did he hit you with? >> belt and spoons. >> reporter: a belt and spoons? meanwhile, charlos says he was locked in a second floor classroom because he had

yolanda bailey had three children at st. andrews and she pulled them out. >> to me it's like a big slave camp. >> reporter: she was told her kids were doing fund raising. she says no one told her they were begging. >> my little brother went with pastor lacy. he told us if we didn't make $50, we would stand there until we did. >> reporter: kathrine says he pulled her son out of a school where she paid $3,000 a year in tuition. he says he was required to panhandle for hours nearly every evening. you got hungry, you got thirsty. and didn't bring food or water with them? >> and i couldn't even sit down. >> reporter: those aren't the only unseenly allegations against the father and son ministers. yolanda bailey says her older child was struck by the reverend. >> he hit my son on the top of the head with a book. >> reporter: her younger son said he was hit several times. what did he hit you with? >> belt and spoons. >> reporter: a belt and spoons? meanwhile, charlos says he was locked in a second floor bathroom because he talked in class