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Barclays CEO Diamond quits over rate rigging
reuters ^

Posted on 07/03/2012 7:53:23 AM PDT by Perdogg

Barclays Plc Chief Executive Bob Diamond quit on Tuesday under fire from politicians and regulators, the highest-profile casualty of an interest rate-rigging scandal spanning more than a dozen big banks across the world.

"The external pressure placed on Barclays has reached a level that risks damaging the franchise - I cannot let that happen," said Diamond, 61. The terms of his severance were not announced.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Crime/Corruption; News/Current Events; United Kingdom
KEYWORDS: banking; barclay; barclays; bobdiamond; diamond; interestrates; raterigging; resignation; resignations; robertdiamond

1 posted on 07/03/2012 7:53:29 AM PDT by Perdogg
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To: Perdogg; lbryce
Robert Diamond was shoveling this big pile of bull poop a while back:

'Real Rebound' in World Economy: Barclays' CEO
CNBC ^ | February 29, 2012 | Margo D. Beller Special to CNBC.com Posted on Wednesday, February 29, 2012 9:53:08 PM by lbryce

2 posted on 07/04/2012 9:05:25 PM PDT by piasa (Attitude adjustments offered here free of charge)
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