Showing posts with label Diamond. Show all posts
Showing posts with label Diamond. Show all posts

Thursday, July 5, 2012

Diamond admits "reprehensible" behaviour at Barclays


(Reuters) - The chastened former head of Barclays apologised for the "reprehensible" behaviour 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.
Barclays bank former Chief Executive Bob Diamond leaves after giving evidence to the Treasury select committee in Westminster, London July 4, 2012. REUTERS-Olivia Harris
Bob Diamond, 60, quit this week after Barclays (BARC.L) agreed to pay nearly half a

Wednesday, July 4, 2012

Diamond Exit Raises Speculation Of Investment-Bank Split


When Robert Diamond took over Barclays Plc (BARC)’s shrinking securities unit in 1997 he vowed to turn the business into a leading global firm.
Former Barclays CEO Robert Diamond
Fifteen years later, his success in creating a top investment bank,