By Alessandra Prentice and Matt Scuffham British lawmakers on Tuesday accused Barclays former chief executive Bob Diamond of misleading a parliamentary inquiry into an interest rate-fixing scandal that has forced him to resign and give up bonuses worth up to 20 million pounds ($30 million). Diamond hit back, calling the […]
Tag: Bob Diamond
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 […]
