Top banker quizzed over rates scandal
06:51 Thu Jul 05, 2012
Report by: BBC News
Former Barclays chief executive Bob Diamond has called the behaviour of those responsible for rate-rigging at the bank “reprehensible”.
He said he only learned the true extent of the scandal this month, and felt “physically ill” when reading incriminating emails from traders.
Mr Diamond said he “loved” Barclays and had resigned to protect its reputation. “I’m sorry, disappointed and angry.”
He faced three hours of questioning by MPs on the Treasury Committee.
Mr Diamond, who resigned on Monday, was asked about who knew what and when, and the role of the Bank of England and the previous government in the rate-fixing.
He defended the bank’s actions to address the problems, saying that Barclays acted quickly.
« Back to Home« More World News