Barclays’ Diamond accused of misleading inquiry

Barclays Plc President Bob Diamond makes his way to the U.S. Bankruptcy Court in New YorkLONDON (Reuters) – British lawmakers on Tuesday accused Barclays former chief executive Bob Diamond of misleading a parliamentary inquiry into an interest rate-fixing scandal that has forced him to resign and give up bonuses worth up to 20 million pounds ($ 30 million). Diamond hit back, calling the comments made by a parliamentary committee "unfair and unfounded". The affair became a major political issue in Britain this month, after authorities fined Barclays more than $ 450 million for its part in manipulating a crucial interbank interest rate. Diamond resigned on July 3. …



Politics News Headlines – Yahoo! News

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.