Diamond ‘Looking for a Little Love’ Gets Grilling
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U.K. lawmakers accused former Barclays Plc Chief Executive Officer Robert Diamond of “living in a parallel universe” and operating a “worrying” management structure, as he apologized for the lender’s rigging of interest rates.
“Do you live in a parallel universe to the rest of the U.K.?” Andrea Leadsom, a Conservative member of the House of Commons Treasury Committee, asked Diamond at a hearing in London yesterday. “You say it’s the culture that saved Barclays, but it’s the culture that’s the problem.”