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Bob Diamond's Evidence to MPs Branded Implausible

Barclays Canary Wharf

The ousted Barclays chief executive Bob Diamond is facing fresh pressure after the chairman of the House of Commons Treasury select committee described some of his evidence to MPs yesterday as "implausible", as the row grew over who was at the heart of manipulation of interest rates during the credit crisis.

Bob Diamond Hints He is Ready to Fight for $34m Barclays payoff


Bob Diamond, former boss of Barclays, indicated he was ready to fight for his payoff of up to £22m at a parliamentary hearing. He told the Treasury select committee he "got physically ill" when he first read an exchange of emails between the 14 Barclays staff who manipulated interest rates.