Robert Diamond, the former Barclays Plc chief, gave $6 million to finance a Colby College building that has become a focal point for student dissent over his role at the 199-year-old school in Waterville, Maine.
American Robert Diamond once mocked “Little England” regulators for failing to match his global ambitions. He sparked a power shift that cost him his job and changed the way the world’s top financial center is governed.
Barclays Plc ’s appointment of Robert Diamond as chief executive officer shows the bank expects the government won’t force it to separate its commercial and investment banking divisions, analysts said.
Barclays Plc’s investors aren’t joining lawmakers in calling for Chief Executive Officer Robert Diamond to quit, though they say record fines for Libor manipulation threaten to doom his turnaround plan for the bank.