Wednesday, July 4, 2012

Barclays CEO resigns amid rate-fixing scandal

Robert E. Diamond Jr. is the latest casualty of Barclays' problems. His departure comes a day after the chairman said he'd step down and hours before the chief operating officer left.

NEW YORK — Barclays' rate-fixing scandal claimed its biggest casualty so far: Chief Executive Robert E. Diamond Jr., who resigned on the eve of a new investigation into the bank's operations by a committee of the British Parliament.


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