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The chief executive of Barclays was once again in the midst of a political storm after Barclays received record fines from US and UK regulators over rigging of the London Interbank Offered Rate (Libor) – the rate at which UK banks lend money to each other. Following the decision, Diamond – along with senior bankers Rich Ricci, Jerry del Missier and Chris Lucas – agreed to give up his already controversial bonus for this year. Nevertheless, politicians and usually defensive bank watchers queued up to criticise the leadership of the bank, with some calling for Diamond’s head.

Four of Barclays' top bankers gave up bonuses for this year amid the Libor scandal; Yannis Stournaras became the latest Greek finance minister; and hedge fund manager Manny Roman said hedge fund managers were overpaid

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David Thomas

Barclays

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