Barclays' Diamond quits over rate rigging

Barclays chief executive Bob Diamond suddenly quit on Tuesday over an interest rate-rigging scandal that threatens to drag in a dozen more major lenders but suggested the Bank of England had encouraged ...

LONDON (Reuters) - Former Barclays

I need you to keep it as low as possible. If you do that … I’ll pay you, you know, US$50,000, US$100,000… whatever you want … I’m a man of my word — Trader A UBS AG’s US$1.5 billion fine for rigging global interest rates expands the scandal to include bribery and highlights the influence of a trader in Tokyo who colluded with other banks to align their submissions.

LONDON (Reuters) - Former Barclays chief executive Bob Diamond is set to be paid about 2 million pounds ($3 million) in July, a year after he left the bank following its Libor interest rate rigging scandal.

LONDON (Reuters) - Barclays' new chief executive set the course firmly towards retail banking on Tuesday with his first deal since replacing Bob Diamond - the takeover of ING's British savings and loan business and its 1.5 million customers. Antony Jenkins, previously head of Barclays' retail banking operations, took the top job at the end of August after the Libor interest rate rigging scandal forced Diamond, an investment banker, to resign. ING said in August it wanted to quit Britain, part of plans to divest assets to increase capital and repay Dutch state aid. ...