Libor Scuppers Tucker BOE Bid as Carney Takes Governor Job
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Paul Tucker, whose three-decade career at the Bank of England marked him out as the leading candidate to become the next governor, failed to secure the top post after the Libor scandal undermined his bid.
Tucker was last week described as “home and dry” by bookmaker William Hill Plc, which made him the favorite for the job at odds of 1-4, meaning a 4-pound ($6.40) wager would return a 1-pound profit. Instead, Chancellor of the Exchequer George Osborne named Bank of Canada Governor Mark Carney yesterday as Mervyn King’s replacement.