Tag: Barclays

Diamond admits traders’ behavior “reprehensible”

By Matt Scuffham-Reuters The chastened former head of Barclays apologized for the “reprehensible” behavior of his traders who fixed interest rates, but told British lawmakers on Wednesday his bank had been unfairly singled out after coming forward to admit wrongdoing. Bob Diamond, 60, quit this week after Barclays agreed to […]

How document trail reveals global scam

Saturday 30 June 2012 / Jamie Doward/ guardian.co.uk It’s not a comfortable weekend for the men heading some of the world’s biggest banks. Barclays has already been hit by a £290m fine for rigging interest rates but that could be dwarfed by a series of global lawsuits which could cost […]