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One of world's largest banks rocked

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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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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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