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By Marlene Y. Satter, AdvisorOne |
July 2, 2012
Barclays Chairman Marcus Agius resigned from his post after a LIBOR-rigging scandal resulted in a fine of 290 million pounds. CEO Bob Diamond remained at the helm despite calls for his ouster.
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By Marlene Y. Satter, AdvisorOne |
June 29, 2012
The inquiry into a LIBOR-rigging scheme looks set to claim another quarry as RBS will reportedly be fined about 150 million pounds.
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By Marlene Y. Satter, AdvisorOne |
April 10, 2012
Bob Diamond, the chief executive of Barclays, should not receive a bonus, and perhaps instead should be considered for a pay clawback, according to a shareholder advisory group.
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By Marlene Y. Satter, AdvisorOne |
January 28, 2011
JPMorgan Chase CEO Jamie Dimon got a surprise at Davos when he rose to ask French President Nicolas Sarkozy not to impose over-regulation on banks.
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By Joyce Hanson, AdvisorOne |
January 26, 2011
Barclays announced that it will cut 1,000 jobs following a decision by new CEO Bob Diamond to stop offering financial planning advice in the UK bank’s retail branches.