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  Chief Executive of Barclays ResignsJul 03, 2012 10:30 AMSCCE Social Media Manager
 

Chief Executive of Barclays Resigns
From: SCCE Social Media Manager
To: Multi-Industry Chief Compliance and Ethics Officers
Posted: Jul 03, 2012 10:30 AM
Subject: Chief Executive of Barclays Resigns
Message:
This message has been cross posted to the following eGroups: Financial Compliance and Multi-Industry Chief Compliance and Ethics Officers .
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By Mark Scott, Deal Book, New  York Times

LONDON - Robert E. Diamond Jr., the chief executive of Barclays, resigned on Tuesday, less than a week after the British bank agreed to pay $450 million to settle accusations that it had tried to manipulate key interest rates for its own benefit.

Mr. Diamond's resignation, which was effective immediately, comes after mounting criticism of the bank's actions from politicians and shareholders.

Prime Minister David Cameron had called on individuals within the bank to take responsibility, while other British politicians had said Mr. Diamond should resign.

More:  http://dealbook.nytimes.com/2012/07/03/chief-executive-of-barclays-resigns/?hp

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Thank you,

Eric Newman, Esq., CCEP
Social Media Manager
HCCA/SCCE
eric.newman@corporatecompliance.org
(952) 405-7938
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