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All Posts Term: barclay
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Mortgages and Banking

Bank President Resigns Over Rate-Fixing Scandal

English: Marcus Agius, British financier and b...

English: Marcus Agius, British financier and businessman and Chairman of Barclays, speaking at the Confederation of British Industry's Climate Change Summit 2008 at The Royal Lancaster Hotel, London. (Photo credit: Wikipedia)

Barclay bank president resigns according to news sources. A CEO of one of the biggest banks has stepped down because of a scandal the bank reported on Tuesday. The resignation of Bob Diamond goes into effect right away.

This comes as no surprise since Diamond has always been viewed a very controversial figure in support of giving bankers large bonuses.

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