Barclays CEO Diamond Defiant Under FireBy
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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