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Barclays boss urged to quit

Barclays boss Bob Diamond is facing calls to quit as he said all those responsible for the rate-rigging scandal should pay the price.

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Diamond summoned to Commons Treasury Committee

The chairman of the Commons Treasury committee Andrew Tyrie has said the committee would be summoning Barclays Chief Executive Bob Diamond to explain what had happened in the wake of the Libor scandal.

"This is appalling. It just beggars belief that this sort of attitude should have been so widespread," he told Channel 4 News.

"The crucial thing now is to make sure that it is being cleared up. That is why we will be calling in Bob Diamond to make sure that what's required had been done in Barclays to improve the culture."

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