posted on Jul, 3 2012 @ 03:53 AM
Well well the Rat has jumped ship !
Or was he pushed ?
Barclays chief executive Bob Diamond has resigned with immediate effect. The move comes less than a week after the bank was fined a record amount
for trying to manipulate inter-bank lending rates. Mr Diamond said he was stepping down because the external pressure on the bank risked "damaging the
franchise". Chancellor George Osborne welcomed the decision and said he hoped it was the "first step towards a new culture of responsibility in
British banking". "It is the right decision for the country," Mr Osborne said, saying the country needed a strong Barclays concentrating on lending
and contributing to economic recovery. Chairman Marcus Agius, who had announced his own resignation on Monday, will now take over the running of
Barclays until a replacement is found. "I am deeply disappointed that the impression created by the events announced last week about what Barclays and
its people stand for could not be further from the truth," Mr Diamond said in a statement. He will still appear before MPs on the Treasury Committee
on Wednesday to answer questions about the Libor affair.
I personally think that he was pushed before the public demanded a Public Inquiry which would have opened a huge can of worms.
This like all things will be brushed under the rug in no time.
edit on 3-7-2012 by judus because: (no reason given)
Here are some comments from UK Papers.
"The painful question is: how many businesses did these people deceive into buying "mandatory" financial products, only to fix the interest rate so
that they can never pay the whole thing back and be forced to go bankrupt? Hundreds? Thousands? The incredible thing is that these criminals KNEW they
were the big part of this recession and they have the gall to cling to their jobs? In Japan, the CEO does the honourable thing and resigns immediately
with an apology. In the US, not only will there be fines, but definitely a criminal investigation. But here, these demons essentially go scot free!
Read executive.html#ixzz1zY2zF2WDmore: www.dailymail.co.uk...
edit on 3-7-2012 by
judus because: (no reason given)