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Risk News

7/5/2012
Barclays’ Ex-Chief Spreads the Blame in Rate-Rigging Scandal

Robert E. Diamond Jr., the former chief executive of Barclays, told a British parliamentary committee on Wednesday that the manipulation of global interest rate benchmarks involving 14 traders at the bank had made him “physically sick.”

Annie's take:

The Barclays scandal was further amplified yesterday by the testimony of it its former CEO.