The former chief operating officer of Barclays is setting up his own investment firm, three years after the Libor scandal prompted his resignation from the bank.
Ex-Barclays CEO Bob Diamond received an e-mail in 2007 describing Libor rates as a 'fantasy', according to documents in the first U.K. lawsuit over manipulation of the benchmark.
Barclays Plc’s ex CEO, Robert Diamond, was contradicted by his former chief operating officer and criticized by regulators investigating the Libor-rigging scandal.
In today's top headlines, Barclays former COO Jerry del Missier testifies in London, Citi Bank tries to avoid massive layoffs, and Goldman Sachs employees endorse Mitt Romney's campaign.
Ahead of the former Barclays Chief Operating Officer's testimony on Monday, Bloomberg looks at Jerry Del Missier's background.
Jerry Del Missier, who resigned as chief operating officer of Barclays in the wake of the Libor rate-fixing scandal, will appear before MPs on Monday to be asked why he issued instructions to reduce the bank's interest rate submissions.
Barclays has announced the appointment of Jerry del Missier to the newly created role of Barclays Chief Operating Officer.