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.
Barclays boss Bob Diamond is facing calls to quit as he said all those responsible for the rate-rigging scandal should pay the price.
As one of the world's richest and most successful bankers, embattled Barclays boss Bob Diamond has never strayed too far from the public gaze.
The American was once described by Lord Mandelson as the "unacceptable face of banking" due to his lavish pay deals and has amassed an estimated fortune of around £95 million.
Mr Diamond, who became chief executive on January 1 last year, picks up a salary of £1.3 million and was reportedly in line to receive £11 million in payouts this year before waiving his annual bonus in the wake of the the rate-rigging scandal.
Within days of starting the top job at Barclays, and having passed up his bonus handout in 2009 and 2010, he angered some MPs last year by saying the time for "remorse and apology" needed to be over as banks look to support Britain's recovery.
The LAPFF, who represent a group of Barclays shareholders have suggested the banks' chair Marcus Agius's position may no longer be 'tenable'
Barclays boss Bob Diamond is facing calls to quit as he said all those responsible for the rate-rigging scandal should pay the price.
Bob Diamond is going to tough it out at Barclays. He has written to MPs saying he will be happy to cooperate with an inquiry.