Diamond forced into early retirement – LIBOR ated from £20m payout
Bob Diamond resigns as CEO of Barclays Bank which itself has been, so far, fined an estimated £200 million by the UK’s FSA and USA institutions as a direct result of the senior management team fraudulently fixing the LIBOR interbank lending rate. In three separate penalties, Barclays will pay the Commodity Futures Trading Commission, the U.S. Department of Justice and the U.K.’s Financial Service Authority a total of $454 million. In the CFTC’s settlement, Barclays traders – with the assistance of senior management
