Tag Archives: FSA

Diamond In the Rough

Barclays chief executive Bob Diamond has resigned with immediate effect. The move comes less than a week after the bank was fined for trying to manipulate inter-bank lending rates, sparking a government inquiry and calls for criminal investigations. Mr Diamond said he was stepping down because the external pressure on the bank risked “damaging the […]

Fixed Rates

The Governor of the Bank of England has launched a scathing attack on “deceitful” investment banking and called for a “real change in the culture of the industry” stretching right to the top, in the wake of the Barclays rate-fixing scandal. Sir Mervyn King, who refused to back Barclays chief executive Bob Diamond, added that […]