Diamond Defies Pressure, Pledges to Complete Review

Barclays Plc Chief Executive Officer Robert Diamond resisted pressure to quit after the bank was fined for rigging interest rates, saying he has the “full support” of directors.

“No one is more sorry, disappointed and angry about these events than I am,” Diamond wrote in a letter to employees today. “We all know that these events are not representative of our culture, and it is my responsibility to get to the bottom of that and resolve it.”