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Diamond acknowledges ‘reprehensible’ behavior at Barclays

In this image taken from video and made available by the Parliamentary Recording Unit former Barclays chief executive Bob Diamond gives evidence to the Treasury Select Committee at Portcullis House, London, Wednesday July 4, 2012. Diamond resigned as chief executive officer a day earlier in response to a scandal of false interest rate reporting which also prompted the resignation of the firm’s chairman and chief operating officer, and has cost Barclays $453 million in US and British fines.  AP PHOTO/PARLIAMENTARY RECORDING UNIT

Former Barclays chief executive Bob Diamond criticized “reprehensible” behavior over a rate-fixing scandal in a tense appearance before British lawmakers Wednesday, the day after he quit the bank.

Posted: July 4th, 2012 in Latest Business Stories | Read More »

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