Barclays Current Affairs, GK & News

Barclays CEO Bob Diamond quits

Person in News: Bob Diamond Bob Diamond, Barclays Chief Executive resigned. Mr. Diamond and COO Jerry del Missier stepped down the day after Barclays Chairman Marcus Agius resigned and b/w an intense and deepening political row over standards in the City of London financial sector. Why was Mr. Diamond pressurized to leave? There was an ..

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Regulators in Europe, US and Asia investigating financial institutions

Regulators in the United States, Europe and Asia are scanning a number of key financial institutions for manipulating Inter-Bank Lending rates. In this context, Barclays Bank was fined $ 452 million which is the first company to admit such fault. Regulators in the US, Europe and Asia are looking into other major names including City ..

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