Barclays Plc (BARC) ex-Chief Executive Officer Robert Diamond was sharply criticized for giving "unforthcoming and highly selective" evidence by a parliamentary report that faulted the firm for letting traders rig interest rates. The "candor and frankness" of Diamond's testimony "fell well short of the standard that parliament expects," the House of Commons Treasury Committee said a 122-page report today following its inquiry into the bank's attempts to manipulate the London interbank offered rate. "The Barclays board has presided over a deeply flawed culture," the panel of British lawmakers said. "Senior management should have known earlier and acted earlier." Barclays was fined a record...
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