Bob Diamond

The question of adequate financial regulations

Jul 10, 2012
News this morning that Bob Diamond, the former head of Barclay's bank has given up $30 million in bonuses after resigning over that interest rate rigging scandal. And the scandal has brought up the issue -- yet again -- of whether current regulations on the financial industry are adequate.
Posted In: banking, bank regulations, Bob Diamond, interest rates

Ex-Barclays CEO Bob Diamond testifies about LIBOR

Jul 4, 2012
Diamond testified before a committee of the British parliament today about charges Barclays manipulated a key interest rate called the LIBOR. The bank's already been fined over $450 million, but it could be just the beginning of the fallout.
Posted In: Barclays, LIBOR, Bob Diamond

Former Barclays CEO answers questions on LIBOR rate fixing

Jul 4, 2012
Yesterday Bob Diamond resigned as CEO of Barclays Bank, and this hour he's sitting before a Parliamentary committee in London. Parliament is investigating the possible manipulation of interest rates by Barclays and other banks.
Posted In: banking, Barclays, Bob Diamond, Parliament

Newly resigned CEO of Barclays questioned by Parliament

Jul 4, 2012
Today the freshly resigned CEO of Barclays Bank goes before a parliamentary committee in London. Parliament is investigating the possible manipulation of interest rates by Barclays and other banks.
Posted In: Barclays, banking, Bob Diamond, anti-trust

Heads of Barclays resign after interest rate scandal

Jul 3, 2012
First, it was the chairman of the board said he was leaving his post; now it's the big man, Barclays CEO Bob Diamond who's stepping down effective immediately. The London-based financial services giant is accused of rigging the level of a key interest rate along with nearly two dozen other banks.
Posted In: Barclays, banking, resign, Bob Diamond