7/3/12, "Barclays boss Bob Diamond resigns amid Libor scandal," BBC
"Barclays chief executive Bob Diamond has resigned with immediate effect.
The move comes less than a week after the bank was fined a record amount for trying to manipulate inter-bank lending rates.
Mr Diamond said he was stepping down because the external pressure on the bank risked "damaging the franchise"....
Last week, regulators in the US and UK fined Barclays £290m ($450m) for attempting to rig Libor and Euribor, the interest rates at which banks lend to each other, which underpin trillions of pounds worth of financial transactions.
Staff did this over a number of years, trying to raise them for profit and then, during the financial crisis, lowering them to hide the level to which Barclays was under financial stress."...
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