FORTUNE -- Bob Diamond's resignation as CEO of Barclays, announced Monday at 11:51 PM London time, was practically inevitable given the rising furor over the LIBOR scandal from politicians and regulators. The British authorities were already bashing its banks for allegedly excessive pay and "casino-style" risk taking, and planning new rules far more draconian than U.S. reforms -- including a proposal to "ring-fence" the retail business by separating it from investment banking.For years, Diamond's big pay packages and image as a Yank bringing Wall Street to High...
Source: http://www.realclearpolitics.com/2012/07/04/the_fall_of_bob_diamond_283950.html
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