Friday, June 29, 2012

Barclays Boss Diamond Says He Won't Resign

The boss of Barclays says he won't resign despite the bank receiving a £290m fine for rigging the key lending rate between banks.

Bob Diamond announced his decision whilst speaking at a meeting at US bank Morgan Stanley.

The bank chief also said he "welcomes" the opportunity to give evidence to Parliament in the coming weeks.

Last night, he accepted a summons from the Commons Treasury Select Committee to appear before the influential cross-party panel to answer for the bank's behaviour. Read More