Wednesday, July 11, 2012

Old-school banker left picking up pieces at Barclays

[unable to retrieve full-text content]LONDON (Reuters) - Ever the gentleman, Marcus Agius quit as chairman of Barclays last week in a doomed attempt to protect Bob Diamond, who was resisting calls to step down as chief executive over the rigging of interest rates by the British bank's traders. Admirers say Agius showed integrity by placing the good of the bank above his own interest, but as post-mortem criticism of the Diamond era intensifies, his loyalty to the brash American may go down in banking history as his worst failing. ...

Source: http://news.yahoo.com/old-school-banker-left-picking-pieces-barclays-072450641--sector.html

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