Wall Street Breakfast Editors submit: Top Stories
Libor claims Diamond's scalp. Bob Diamond today bowed to intense political pressure and resigned as CEO of Barclays (BCS) following the Libor-manipulation scandal. Marcus Agius, who was supposed to be quitting as Chairman, will stay and lead the search for a new CEO. Investors might be wondering what happened since yesterday, when Diamond was reportedly ready to "fight back" and reveal potentially embarrassing details about regulators.
Barclays Chief Executive Robert Diamond resigned Tuesday, caving in to intense political and investor pressure following an interest-rate-setting scandal. Read Post
In the wake of a massive fine for Barclays over its manipulation of LIBOR (an index measuring the interbank lending rate), Barclays CEO Bob Diamond has resigned (just two days after its Chairman Marcus Agius announced he was steppin... Read Post
Barclays CEO Bob Diamond has bowed to pressure and followed bank chairman Marcus Agius out the door in the wake of the Libor interbank lending rate scandal. Agius claimed "the buck stops" with him when he quit yesterday, but Diamond... Read Post