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Why This Former Barclays CEO Loves To See More 'Mainstream' Firms Like BlackRock Toying With Crypto
Thursday, June 22, 2023 - 2:09am | 416Read More...Bob Diamond, former CEO of Barclays on Wednesday said he wasn’t surprised by BlackRock Inc’s (NYSE:BLK) broader interest in the cryptocurrency market. What Happened: BlackRock recently filed for a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF), which if approved,...
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Stablecoin Operator Circle Points Finger At SEC For Abandoned $9B SPAC Deal
Wednesday, January 25, 2023 - 11:33am | 441Read More...Stablecoin issuer Circle (CRYPTO: USDC) has stated that the Securities and Exchange Commission is to blame for the failure of its $9 billion plans to go public through a SPAC deal. What Happened: The group abandoned listing plans in December, telling the Financial Times that the deal fell...
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Barclays Names New CEO
Thursday, August 30, 2012 - 9:44am | 477Read More...British banking giant Barclays (NYSE: BCS) has named Antony Jenkins, previously the head of the retail and business banking unit, its new Chief Executive Officer. Jenkins took the job with immediate effect, and he will have to hit the ground running because Barclays has been under a negative...
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Justice Department Seeks Cooperation At UBS Over LIBOR Probe
Thursday, August 9, 2012 - 10:35am | 343Read More...The Justice Department is seeking the cooperation of low-level UBS (NYSE: UBS) employees in its investiation of the global interest rate-setting scandal, the Wall Street Journal reports. The U.S. will not seek to prosecute junior-level employees who help to reveal higher-ups that may have played a...
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Barclays Under Investigation Again
Friday, July 27, 2012 - 8:13am | 478Read More...British bank Barclays (NYSE: BCS) is under the microscope yet again after it set aside millions of pounds to cover bad decisions made selling financial products. Barclays must surely be sick of the sight of regulators and the word "investigation" following the London Interbank Offered Rate (LIBOR...
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Libor Scandal Catches Up with Deutsche Bank and HSBC
Thursday, July 19, 2012 - 7:55am | 393Read More...The investigation into the London Interbank Offered Rate (LIBOR) rate fixing that resulted in a record fine and major shake-up for Barclays last month is now focusing on traders at Deutsche Bank (NYSE: DB), HSBC, Societe Generale and Credit Agricole. On July 3, Benzinga reported that Barclays' CEO...
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Former Barclays Chief Executive Diamond Remains in the Rough
Wednesday, July 11, 2012 - 12:01pm | 520Read More...Bob Diamond, former CEO of Barclays Bank (NYSE: BCS), has been accused of misleading a parliamentary inquiry. It is the story that doesn't want to go away. On July 2, Benzinga reported that company Chairman Marcus Agius had resigned in the middle of the bank's rate-fixing scandal. The previous...
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Barclays CEO Follows Chairman Out the Door
Tuesday, July 3, 2012 - 8:24am | 468Read More...After Barclays (NYSE: BCS) Chairman Marcus Agius resigned his position Monday, CEO Bob Diamond quit on Tuesday amid the rate-fixing scandal. Agius stepped up yesterday and said that "the buck stops with me," before quitting his job and saying that the scandal has dealt a "devastating blow," to the...
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Barclays Chairman Resigns Amid Scandal
Monday, July 2, 2012 - 8:05am | 424Read More...Barclays (NYSE: BCS) Chairman Marcus Agius has resigned his position on Monday in the middle of the bank's rate-fixing scandal. Agius stepped up and said that "the buck stops with me," before quitting his job and saying that the scandal has dealt a "devastating blow," to the reputation of the bank...
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Barclays CEO Bob Diamond on Bloomberg Television: "People Get It" on Pay
Thursday, January 26, 2012 - 2:34pm | 1372Read More...Barclays CEO Bob Diamond spoke to Bloomberg TV's Erik Schatzker live from the World Economic Forum in Davos and said that he thinks "people get it" that compensation in the financial industry will be down this year. Highlights of the interview are below, courtesy of Bloomberg Television. The video...
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Diamond: It's Important That We Allow Banks To Fail
Thursday, January 27, 2011 - 1:17pm | 203Read More...In an interview to appear on FOX Business Network's Countdown to the Closing Bell, Barclays PLC CEO Bob Diamond spoke with Liz Claman live from the World Economic Forum in Davos, Switzerland. Diamond expressed renewed confidence that the economy is recovering, saying “I think we are past the worst...
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Big Is Not Bad: Bob Diamond of Barclays (BCS) Tells CNBC
Thursday, January 28, 2010 - 8:29am | 96Read More...In an interview with CNBC, Bob Diamond, President, Barclays Plc (NYSE: BCS) said, "There is absolutely no evidence to say big is bad or big is riskier". He extended his support to multinational, integrated regulations for the financial sector. He said that banks did not grow big out of their own...
