Barclays CEO Diamond Defiant Under Fire

Robert "Bob" Diamond, chief executive officer of Barclays Plc, speaks during a television interview in Hong Kong Photograph by Jerome Favre/Bloomberg

Barclays Chairman Marcus Agius resigned today in the latest attempt to limit the damage rocking the bank since it agreed to a record $455 million settlement last week. As part of the settlement with British and U.S. regulators, Barclays admitted to manipulating a key interest rate that underpins $350 trillion worth of car loans, mortgages, and other debt.

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