Barclays boss Bob Diamond resigns amid Libor scandal
Barclays chief executive Bob Diamond has resigned with immediate effect.
The move comes less than a week after the bank was fined a record amount for trying to manipulate inter-bank lending rates.
Mr Diamond said he was stepping down because the external pressure on the bank risked "damaging the franchise".
Hugh Pym reports.
03 Jul 2012
- From the section Business