Barclays CEO Diamond quits over rate rigging

by Blog Burger on July 3, 2012

File photo of Barclays PLC President Diamond waiting to pose for photographs after being named as the company's next chief executive officer in LondonLONDON (Reuters) – Barclays Plc Chief Executive Bob Diamond quit on Tuesday under a barrage of fire from politicians, the highest-profile casualty of an interest rate-rigging scandal that spans more than a dozen major banks across the world. "The external pressure placed on Barclays has reached a level that risks damaging the franchise – I cannot let that happen," said Diamond, 61. …

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