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Jul 3, 2012 4:25 AM CDT
Barclays CEO Quits Under Pressure
Rate-fixing scandal claims Bob Diamond, too
- Barclays CEO Bob Diamond has bowed to pressure and followed bank chairman Marcus Agius out the door in the wake of the Libor rate-rigging scandal. Agius claimed "the buck stops" with him when he quit yesterday, and Diamond initially resisted calls to resign. He admitted that some of the...
Jul 2, 2012 8:27 AM CDT
Barclays Chair Resigns Over Rate-Fixing Scandal
Company promises 'root and branch' investigation
- Barclays Chairman Marcus Agius resigned today in penance for the company's $453 million settlement in an interest rate manipulation probe. The scandal "dealt a devastating blow to Barclays' reputation," Agius said. "As chairman, I am the ultimate guardian of the bank's reputation." The bank...
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