The Daily Telegraph reports that Sir Mervyn made it clear to Marcus Agius, Barclays chairman at the time, that Mr Diamond had to go. The message was relayed to the former chief of the bank hours later in his kitchen.
'My first reaction, which is still my reaction today, is, he doesn’t have the authority to do that!', Diamond said about the pressure King exerted to oust him.
In his first interview since leaving the bank, he told The New York Times' Andrew Ross Sorkin that, after Agius left his kitchen, he talked it though with Jennifer, his wife of 26 years, and decided the right thing for the bank was to 'step aside and shut up'. He resigned the next morning.
While he had expected some backlash regarding the scandal, Diamond said he did not think it would be directed at him.
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