Diamond Pressured as Barclays’ Agius Steps Down
Barclays Chairman Marcus Agius resigned from his post after a LIBOR-rigging scandal resulted in a fine of 290 million pounds. CEO Bob Diamond remained at the helm despite calls for his ouster.
RBS Next to be Fined in LIBOR-Rigging Scheme
The inquiry into a LIBOR-rigging scheme looks set to claim another quarry as RBS will reportedly be fined about 150 million pounds.
Barclays’ Diamond Deserves No Bonus: Shareholder Group
Bob Diamond, the chief executive of Barclays, should not receive a bonus, and perhaps instead should be considered for a pay clawback, according to a shareholder advisory group.
Sarkozy, Dimon Face Off Over Regulation
JPMorgan Chase CEO Jamie Dimon got a surprise at Davos when he rose to ask French President Nicolas Sarkozy not to impose over-regulation on banks.
Barclays Slashes 1,000 Jobs, Halts Financial Planning at UK Bank Branches
Barclays announced that it will cut 1,000 jobs following a decision by new CEO Bob Diamond to stop offering financial planning advice in the UK bank’s retail branches.