Advertisement

  1. National

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.

View all 53 updates ›

Controversial banker in spotlight

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.

Barclays CEO Bob Diamond. Credit: Mike Egerton/EMPICS Sport

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.

More on this story