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Bob Diamond

Bob Diamond's $3 Million Payday To Come A Year After Stepping Down Amid Libor Scandal

Posted 03.08.2013 | Business

LONDON - 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 fol...

Lawmakers Rip Ex-Barclays CEO Over 'Highly Selective' Libor Testimony

AP | DAVID STRINGER | Posted 10.18.2012 | Business

LONDON -- Former Barclays CEO Bob Diamond offered a "highly selective" account to a parliamentary hearing on the banking rate-fixing scandal, British ...

Move Over Barclays: Second Bank Fires Employees Over Libor Scandal

Reuters | Posted 10.03.2012 | Business

* Under investigation in US, UK, Japan, Europe and Canada * RBS says it can't measure likely level of fines * CEO says i...

Crime and Mayhem in the USA

Janet Tavakoli | Posted 10.01.2012 | Business
Janet Tavakoli

Despite widespread crime of various types across all classes of society, most Americans polled were comfortable trusting their own "moral compass." Let's see how we did with that in July.

Libor Fraud Happening In 1991: Trader

Mark Gongloff | Posted 09.26.2012 | Business
Mark Gongloff

Tim Geithner claims he learned of Libor manipulation when the rest of us commoners did, in 2008. New evidence keeps coming out suggesting he should have known much, much earlier.

New Investigation, More Lawsuits, $6.3 Billion Profit

Reuters | Posted 09.25.2012 | Business

* FSA investigating fee disclosures in 2008 capital raisings * More U.S. litigation starts over Libor scandal * Barclays...

Here They Go Again

Rev. Seamus P. Finn, OMI | Posted 09.24.2012 | Business
Rev. Seamus P. Finn, OMI

In spite of attempts to get to the bottom of the causes of the crisis and propose appropriate remedies, many recommendations that have been proposed have been stalled by both political leaders who can't seem to agree on the appropriate level of regulation.

Protesters Would Like Ex-Barclays CEO Off Their College's Board Of Trustees, Please

The Huffington Post | Alexander Eichler | Posted 07.24.2012 | Business

Bob Diamond has given millions to Colby College in the past decade. Some people at the school have a problem with that. On Saturday, protesters at ...

Major Players Chalk Up Rate Scandal To Misunderstandings

Bloomberg View | Jonathan Weil | Posted 07.13.2012 | Business

From Bloomberg View: If we take Bob Diamond and Paul Tucker at their word, part of the Libor scandal at Barclays Plc (BARC) can be chalked up to ...

Banksters Take Us to the Brink

Bill Moyers | Posted 09.12.2012 | Politics
Bill Moyers

Some bank insiders were manipulating the index for their own gain, to make their banks look better off during the financial crisis, lower their borrowing costs, and raise their profits -- by cheating. Picking our pockets and lining theirs.

Another Bank Could Face Major Fine Over Libor Manipulation

The Telegraph | Harry Wilson | Posted 07.12.2012 | Business

Lloyds Banking Group could have to pay out more than £1bn over claims it was involved in the manipulation of Libor, according to City analysts. In...

Don't Worry, Bob, You'll Be Fine for Custard Creams

Christina Patterson | Posted 09.10.2012 | World
Christina Patterson

If Bob Diamond wants a new thing to worry about, he might start worrying about this. He doesn't seem too keen on politicians, but he might want to listen to one he would, in a select committee, call "Nick."

Barclays Ex-CEO Says Perjury Claims Are 'Totally Unfair And Unfounded'

AP | ROBERT BARR | Posted 09.10.2012 | Business

LONDON — The Barclays executive identified as the person responsible for ordering false reports of borrowing costs in 2008 will be called in fro...

D.M. Levine

Guess Who Just Got Snagged In The Libor Scandal?

HuffingtonPost.com | D.M. Levine | Posted 07.10.2012 | Business

As president of the New York Federal Reserve before and during the financial crisis, Treasury Secretary Timothy Geithner met repeatedly with Barclays ...

'Myth Of Diamond's Indispensability' Contributed To Barclays Scandal

Reuters | Posted 09.08.2012 | Business

By Victoria Howley and Sophie Sassard LONDON, July 10 (Reuters) - Ever the gentleman, Marcus Agius quit as chairman of Barclays last w...

Are Americans Suffering From Bank Scandal Fatigue?

www.nytimes.com | Posted 07.07.2012 | Business

Here in the early stages of the Libor scandal — and, yes, this thing is far from over — there are two big surprises. The first is that the bank...

Crime of the Century

Robert Scheer | Posted 09.05.2012 | Business
Robert Scheer

Forget Bernie Madoff and Enron's Ken Lay -- they were mere amateurs in financial crime. The current Libor interest rate scandal, involving hundreds of trillions in international derivatives trade, shows how the really big boys play.

Will Barclays' CEO Surprise Us?

John Fullerton | Posted 09.02.2012 | Business
John Fullerton

Will Bob Diamond seize the opportunity missed by both Lloyd Blankfein and Jamie Dimon to emerge as the first true financial statesman of the modern global banking crisis?

Financial Journalism: 'Sometimes Being Responsible Means Pissing People Off'

Janet Tavakoli | Posted 09.02.2012 | Business
Janet Tavakoli

Last week, Gillian Tett of the Financial Times wrote how five years previously, she and her fellow journalists were intimidated into backing off of a huge story about banks manipulating LIBOR.

Barclays Scandal Smoking Gun?

The Huffington Post | Mark Gongloff | Posted 07.03.2012 | Business

In the fast-exploding Barclays rate-fixing scandal, Bob Diamond may have just produced a smoking gun -- one that could have the power to take a Bank o...

Ryan Grim

Disgraced Banker Backs Away From Mitt Romney

HuffingtonPost.com | Ryan Grim | Posted 07.03.2012 | Politics

WASHINGTON -- A disgraced London banker has rescinded an offer to co-host a high-dollar fundraiser for Mitt Romney, sparing the GOP hopeful the diffic...

Barclays CEO Quits Amid Mounting Pressure Over Rate-Fixing Scandal

AP | ROBERT BARR | Posted 09.01.2012 | Business

LONDON (AP) — Barclays Chief Executive Bob Diamond resigned Tuesday, the biggest scalp in a financial markets scandal that has ripped through the ba...

In London, Mitt Banks on the Wrong Horse

Michael Winship | Posted 08.31.2012 | Politics
Michael Winship

So, what do you get when you combine Mitt Romney, expensive horseflesh, fancy dinners and a financial scandal in the City of London?

Another Bank Set For Hefty Fine From Manipulation Scandal

Reuters | Posted 08.28.2012 | Business

* RBS faces 150 mln stg fine over Libor probe -report * Any resolution for RBS is "months away" -source * Barclays' Diam...

Barclays to cut 3,000 jobs as profit drops

Reuters | Steve Slater | Posted 10.02.2011 | Business

By Steve Slater LONDON (Reuters) - Barclays is set to cut about 3,000 jobs this year to reduce costs after a drop in bond trading and a...