Former Barclays CEO Martin Taylor says he asked Bob Diamond to stay on as head of Barclays Capital back in 1998 after the latter offered to resign following losses of hundreds of millions of pounds from Russia's debt default.
Barclays needs to find a successor for Robert Diamond who is the opposite of the American investment banker as a first step to restoring political trust.
Barclays’ board is to ask former CEO Bob Diamond to give up at least part of a possible £17m pay-off to save the bank’s reputation from further damage.
Royal Bank of Scotland is said to be fighting a court order requiring it to co-operate with an international criminal investigation into allegations its staff fixed a key banking lending rate.
Germany's markets regulator has launched a special probe into Deutsche Bank over suspected manipulation of interbank lending rates, joining authorities around the globe investigating the world's largest banks, two people familiar with the matter told Reuters on Friday.
JPMorgan Chase, Goldman Sachs and BlackRock have closed European money market funds to new investments after the European Central Bank lowered deposit rates to zero.
Former Conservative party treasurer Michael Spencer could become the next target of the shareholder spring next week after a leading investor body issued a warning about the pay policies of the Icap broking business he founded and runs.
Look who's been crying now.
JPMorgan Chase has been ordered by a federal judge to explain why it shouldn’t be compelled to turn over e-mails sought by U.S. regulators in a probe of potential energy-market manipulation.
He is a softly spoken Englishman in his mid-30s. We meet in Canary Wharf near the office of the Financial Services Authority (FSA), where he's working as a supervisor.