Barclays CEO Bob Diamond resigns over interest rate scam

The Chief Executive Officer (CEO) of Barclays Plc, Bob Diamond has resigned with immediate effect after increasing pressure to step down following global interest rate manipulation scandal.

The move follows the decision by Barclays Chairman Marcus Agius to quit, although he would stay in office until a succession plan is in place.

Both the executives had come under intense pressure to quit after the British bank was slapped with 290 million pound fine by the U.S. and the U.K. authorities to settle the charges of manipulating global benchmark lending rates

Leave a Reply

Your email address will not be published. Required fields are marked *