 Image uploaded from a quicklink (Image by Unknown Owner) Details DMCA | Barclays CEO Bob Diamond and COO Jerry del Missier have resigned in the wake of the interest rate-fixing scandal that has rocked the bank. The resignations come less than a week after Barclays, one of the world's largest banks, was fined $450 million by British and U.S. regulators after admitting it purposely under-reported its interest rates as part of LIBOR (London interbank Offered Rate) -- an interest rate floor between big banks that is set in London each trading morning. |
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At news.feedzilla.com
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