Robert Diamond, who quit as head of Barclays Plc last week after allegations that interest rates had been rigged, denied he misled Parliament on relations with regulators and said he’d be willing to discuss the matter again.
If we take Bob Diamond and Paul Tucker at their word, part of the Libor scandal at Barclays Plc can be chalked up to a series of comic misunderstandings, like a children’s game of telephone. It’s a bit much to swallow, but the spectacle sure has been fun to watch.
July 5 (Bloomberg) -- Former Barclays Chief Executive Officer Bob Diamond is questioned about a May 2008 Bloomberg News story in which a Barclays employee stated that banks routinely misstated borrowing costs. The exchange took place during Diamond's testimony to the U.K. Treasury Select Committee in London yesterday. Mark Barton reports on Bloomberg Television's "Countdown." (Source: Bloomberg)
Barclays Plc’s board will ask former Chief Executive Officer Bob Diamond to give up at least part of a possible 17-million-pound ($26.3 million) exit compensation package, the Sunday Telegraph reported, without saying where it got the information.