The former boss of Barclays, who lost his job over a financial market-fixing scandal, said Wednesday that a Bank of England official had not encouraged him to report false data at the height of the credit crunch in 2008.
Robert E. Diamond Jr. is the latest casualty of Barclays' problems. His departure comes a day after the chairman said he'd step down and hours before the chief operating officer left.NEW YORK — Barclays' rate-fixing scandal claimed its biggest casualty so far: Chief Executive Robert E.
Barclays CEO, Bob Diamond, announced Tuesday that he was stepping down, making him the latest victim of an interest rate-fixing scandal that has already seen the British bank charged with $453 million (360 million euros) in fines.
Former Barclays CEO Bob Diamond told a UK parliamentary committee on Wednesday that there had been “mistakes” and “reprehensible” behaviour at the British bank, which has been embroiled in a rate-fixing scandal.
Marcus Agius, who had led the bank's board since 2007, accepted responsibility for the rates scandal that saw the company slapped with trans-Atlantic fines of $453 million. Calls are growing for Barclays' CEO to step down, too.» E-Mail This » Add to Del.icio.us