Edward Cahill
Last updated at 20:11 29 September 2007
On August 26, in an article entitled I Hope My Brother Isn't The Next Nick Leeson, we compared Edward Cahill, who recently resigned from Barclays Capital, to Nick Leeson. In fact, no such comparison exists.
Mr Cahill is not guilty of any impropriety and Barclays Capital confirms there are no compliance concerns. The headline quote attributed to Mr Cahill's brother was also inaccurate.
We apologise for our mistake and for any distress and embarrassment caused and have agreed to pay Mr Cahill damages and his costs.
