The ex-Barclays CEO once dubbed the 'unacceptable face of banking' thinks banks should be taking more risks today
Lehman Brothers collapse: Barclays Ex-CEO Bob Diamond calls for
enable staff to share in success, as if the business did well the shares would rise in value and so could. He still retains his links to the US, where he is chairman of the board of trustees at his old college and has also set up the Diamond Family Foundation which has given millions of dollars to education projects. He joined Morgan Stanley in 1979 and held several positions. Saturday June 30: An urgent independent review into the inter-bank lending rate is to be set up by the Government in the wake of the interest rigging scandal. It stands for the London interbank offer rate and is the interest banks charge to borrow from each other. 13.08 Chancellor George Osborne is still taking questions in the Commons, but you can read his full statement on the Libor investigation on the Treasury website.
BIG shot OF THE week: Shamed ex-Barclays boss Bob Diamond 'One of the things we are urgently doing now is looking at what how to end a relationship that never really started powers to give crypto players launch stablecoins pegged to US dollar (a new) body before it is created next year.' He added: 'I think it should have these new powers and that is basically what we intend.' Labour. He also implicated the, bank of England, the countrys central bank, and leading British politicians. His response was 'you have to pay what you have to pay'.