Barclays Bankers On Libor Scandal: We Look Like 'Crooks And Fools'
arclays bankers are furious about their scandal too.
"It made us look like crooks and fools," a senior Barclays executive told CNBC's NetNet blog
on Tuesday, referring to the Barclays Libor-rigging scandal. "It was
ridiculous that he thought he could stay on after the Libor scandal."
Some New York-based Barclays bankers were dumbfounded and ready to revolt when they read a letter
written by former Barclays CEO Bob Diamond implying that he did not
intend to step down in spite of the scandal, according to CNBC. The
bankers were beaten to the punch by the Bank of England, which helped pressure Diamond to resign as CEO of the London-based bank on Tuesday. The bank's chairman and chief operating officer also have resigned.
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