Barclays boss Bob Diamond resigns amid Libor scandal

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Barclays boss Bob Diamond resigns amid Libor scandal

BBC – Barclays chief executive Bob Diamond has resigned a week after the bank was fined a record amount for trying to manipulate inter-bank lending rates. BBC business editor Robert Peston said he was encouraged to go by the heads of the Bank of England and the FSA. Mr Diamond said he was stepping down because the external pressure on the bank risked “damaging the franchise”. Read article

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