Diamond Contradicted by Del Missier, Criticized by Regulator

Barclays Plc’s ex-chief executive officer, Robert Diamond, was contradicted by his former chief operating officer and criticized by regulators investigating the Libor-rigging scandal.

Jerry del Missier told lawmakers yesterday his former boss instructed him to submit artificially low Libor rates, and blamed compliance managers for failing to act. Less than an hour later, Financial Services Authority Chairman Adair Turner told the committee Barclays had been “gaming the system.”